Recently, we have seen many mega-cap companies performing well and shown impressive returns during earning. The companies are always reaching an all time high(ATH).
What causes all rises?
The FED are happy with the data retrieved from the index : PCE.
What is PCE?
Personal Consumption expenditure price index better known as the price consumer index tracks for changes in how people shop when inflation jumps.
The latest consumer price index showed that inflation eased in May for a second straight month. It reinforced hopes that the acceleration of prices that occurred early this year has passed.
This is an encouraging sign for the FED as well as consumer. More spending means more earning for the company which also signals a better company.
There are still much more room for growth even though it is at all time high. Position for less risky stocks like$ProShares UltraPro QQQ(TQQQ)$ so that it is more diversified and at the same time have much rewards
At the same time, nibble into$Microsoft(MSFT)$ , a safe haven for many investors. It provides a steady returns spread off even if there is a pandemic
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