Wall Street Posts Solid Gains, As Defensives, Tech Shine

StreetInsider2022-06-24

Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted ...

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Comments

  • Quicklearner
    2022-06-24
    Quicklearner
    👍 Tech stock all the way 
  • Xiaomiiiii
    2022-06-24
    Xiaomiiiii
    Like please
  • LEESIMON
    2022-06-24
    LEESIMON
    upupup
  • WindyMoon
    2022-06-24
    WindyMoon
    [Cool] 
  • StarGalaxy
    2022-06-24
    StarGalaxy
    Ok
  • LimLS
    2022-06-24
    LimLS
    2nd day of Powell testimony. Pretty much nothing new. As usual, 1) bringing down inflation is "unconditional", 2) recession is "certainly a possibility". So we can safely assumed that July hike most likely be 75bps, which is also supported by Fed's Bowman during Thursday. Fed will be aggressive for 2022 so the pressure on market will be there. Like many said, don't fight the Fed. The bottom is yet to come. If wanted to pick bottom, at least wait for the July earnings to come out to check if the growth is still valid. If July earnings shows to be strong, then maybe we can try to pick some good businesses to invest. If July earnings is bad, be ready for further decline in valuation. Fed aggressive hikes/QT and revaluation will bring more pressure to the already bearish market sentiment. So d
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