The Fed has spoken; what’s next?

The Fed has spoken: Interest rates will be higher for longer.

With another rate hike in the cards and dashed hopes of early rate cut next year, I’m bracing myself for further market turbulence, as the stock market has rushed to re-price their expectations accordingly.

Hence, I’m taking profits off my gains in the technology stocks $NVIDIA Corp(NVDA)$ and $Tesla Motors(TSLA)$ , which have risen significantly since the beginning of this year, as I await new catalysts to drive the stocks to greater heights.

I’ll look to regain the positions when the stocks approach their support levels, as despite a looming stagflation, I remain optimistic on the long-term prospects of artificial intelligence.

Along with the explosive growth in AI innovation, new products and services targeting AI applications are increasingly being rolled out by the likes of $C3.ai, Inc.(AI)$ and $Palantir Technologies Inc.(PLTR)$ .  I plan to take advantage of their prevailing price weakness to gradually gain exposure.

At the same time, semiconductor industry is poised to benefit from the increasing demand for chips to power the AI applications. With semiconductor market looking to have bottomed and recovery appearing in sight, what better time will it be to be long on $Semiconductor Bull 3X Shares(SOXL)$ 

@TigerStars @TigerWire @MillionaireTiger