Oil prices this time increased due to the prolong blockade of the Iran war . However , the last time oil hit 100 was 2 years ago when russia invaded Ukraine . However what changed since then is supply issues . Personally , I think consumer prices will increase , and companies that are mostly based on shale oil will benefit such as $Devon(DVN)$and $EOG Resources(EOG)$. For me , rising oil prices and the possibility of an interest rate hike means that shifting more holdings to cash could be an interesting alternative as the risk premium between holding cash and buying equity is now reduced
$SPDR Portfolio S&P 500 ETF(SPYM)$ pullback of the s and p 500 index seems very lightly as it's approaching the 60 day MA line . Might be a good time to wait for the retracement and deploy spare capital to buy once the index dip. Am waiting for a moment to continue accumulating this counter .
$Global X Nasdaq 100 Covered Call ETF(QYLD)$ negative price returns but positive returns due to high dividend yield will continue to DCA in to bring down average cost while collecting dividends on the sideline
$SPDR Portfolio S&P 500 ETF(SPYM)$ Final quartr for the year and still a very respectable 13% return. now I believe that Iran war has been priced in and the next question now is whether there will be interest rate hike which will affect the index . I believe there will be aT least 1 rate hike this year and this will affect heavily leverage stocks in the spy index . In the meantime it's hard to discount the best performing stock index in the world and I will continue to DCA into this stock