@Aqa:Since the Federal Reserve Chairman Powell indicated that the interest rate cut will come later than expected, the stock market has continued to decline amid multiple bearish news. The Fear & Greed Index has shifted from “greed” a month ago to “fear”. The American bank stocks have fared poorly. Except for $Goldman Sachs(GS)$ and $Morgan Stanley(MS)$ , most of major banks missed their estimates and declined after earnings. $JPMorgan Chase(JPM)$ fell the most, declining by over 6% in response to disappointing net interest income. $Wells Fargo(WFC)$ , $Citigroup(C)$ , $Bank of America(BAC)$ also followed the downtrend. My strategy is to buy low this earning season. Take a que from Singapore banks’ stock all breaking out and jump higher these days.
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@Terra Incognita:I opened $Advanced Micro Devices(AMD)$ ,AMD: Bought in some AMD as long term dollar cost averaging. With such great margins on AI chips, the rest of the key semiconductor players such as AMD will eventually get close enough to capture some spill over orders from NVDA. AMD is by no means cheap valuation stocks so at some point I’ll stop adding. Note for week 18th Jan: How true these above statement when 1 week ago I bought AMD at only $147 and it’s now $164 after market. DCA helps reduce the emotions on investing for sure.