Newbies Blog: Are the signs here and way ahead
With China seemingly willing to ease on COVID -19 measures and the economy slowing down (which then translates to inflation possibly being tamed), there is a chance that stocks will rally in the new year. Of course, given the volatily of this year, I think it is best that we take nothing for granted.
I am beginning to see that while things look positive in the long run, each time I purchase stocks must be done with caution. This means waiting patiently for a good entry price and never just jumping in. We have seen several rallies recently, especially in $TENCENT(00700)$ , $NIO Inc.(NIO)$ (in my watch list) and things look generally positive. However, this looks to me like a relief rally after apprehension and anticipation (waiting for fed minutes, CPI, etc).
Are things really changing? I suppose the next few weeks can show something and may finally show a pivot. We should continue to remain vested although I have a feeling that the attractive bank rates out there have some investors moving their funds to banks instead of having to deal with the volatility of the stock market.
While I am generally bullish, I also wonder about the future (near future) of tech stocks. $Tesla Motors(TSLA)$ currently is at one of its lowest and so is $Alphabet(GOOG)$ /$Alphabet(GOOGL)$ . Tech stocks have lost their lustre because of the rising cost of resources and I think this may continue in the next year. But I shouldn't be surprised if there is suddenly a rally (there's my cautiousness speaking). Other than that, I think financials may continue to benefit and that's where most of my funds will lie.
How about yours?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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