the stock market rally is led by ai craze. $Invesco QQQ Trust-ETF(QQQ)$
in order for a healthy market rally, the leaders will go into consolidation mode while the laggards catch up. the cycle repeats until market overheats and then it normalizes.
pce personal consumption expenditures came in as expected. it is the fed's preferred data to adjust interest rate. it is preferred over cpi according to investopedia.
us2y is the expectation of interest rates. it has retraced upon announcement of pce. us2y trends in the opposite direction to the stock indices mentioned above.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup@TigerStars for coins and vouchers
merci beaucoup@TigerWire for topics
merci beaucoup@koolgal for insights
merci beaucoup@Asphen for sharing analysis
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