Jackson Hole 2023!! 

All eyes will be on Powell's speech, US July CPI has only increased by 3.2% which is getting close to the 2% target set by the Fed. However, the Fed may not be pausing its interest rate hike soon and it's likely to cause the market to drop further.

The market is always unpredictable; it may start to fall when everyone is optimistic. Just like what happened after Nvidia's Q2 earnings. It was a huge jump in revenue but the market is selling down now. It's market manipulation at its best!!

On the other hand, it may start to rise when everyone is pessimistic! Hence, It's good to always invest regularly as no one can accurately predict the market. Even during a bull run, you should only invest in good stocks with fair valuation and don't have the "fear of missing out" (FOMO) urge to buy over-valued stocks like Upstart, Sea or VinFast etc.

The key to investment is patience, only buy good stocks at a fair price. Sometimes negative news may result in a drop in stock price temporarily and that may present a good opportunity to enter! For me, I'll only buy stocks with strong positive balance sheet.

While waiting for good opportunity to enter, you still have Tiger Vault to generate 5+% yield on USD. You can use free online tools, to determine a good entry price based on discounted cash flow analysis (it would be great if Tiger brokers can include a new tool for this!!)

Rmb to be greedy when others are fearing, that's the best time to earn your next pot of gold!! What do you think? Do let me know your thoughts!!

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