Reward 500 Tiger-coinsFriday's data showed that US PCE and Core PCE figures came in below expectations across the board. PCE briefly halted the accelerating pre-market sell-off trend.
Traders are continuing to bet that the Federal Reserve will pause rate cuts in January and are increasingly expecting another rate cut in March, with one more anticipated in October. In other words, the market's expectation of a hawkish rate-cut stance remains unchanged.
Market shifts to fear?
However, no one can predict whether the market will rise or fall tonight, as we’re facing the largest triple witching event ever.
CNN's Fear & Greed Index shows sentiment has reached Extreme Fear
VIX volatility index has surged 72% this week.
Would you buy the dip or go short?
If a market plunge occurs, which stock do you think is the best candidate for a dip buy tonight?
Previously surging stocks like $Tesla Motors(TSLA)$ have fallen to around $400, $MicroStrategy(MSTR)$ is at $300, $Coinbase Global, Inc.(COIN)$ has dropped to $250, and $NVIDIA(NVDA)$ is still consolidating near $130.
Several major banks predict the stock market could adjust in Q1 or Q2 next year. Currently, the S&P 500's Shiller PE ratio has reached historical highs, with the mean value being 17.19. Before Wednesday’s sell-off, the ratio was second only to the 2000 dot-com bubble.
If tonight’s adjustment ends up being brief, would you choose to short next year’s performance?
Are you bullish or bearish on US stock performance?
Would you take advantage of triple witching to find some trading opportunities?
Leave your comments and also post to win tiger coins~
Comments
Friday's data showed that US PCE and Core PCE figures came in below expectations across the board. PCE briefly halted the accelerating pre-market sell-off trend.
Traders are continuing to bet that the Federal Reserve will pause rate cuts in January and are increasingly expecting another rate cut in March, with one more anticipated in October. In other words, the market's expectation of a hawkish rate-cut stance remains unchanged.
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If tonight’s adjustment ends up being brief, would you choose to short next year’s performance?
Are you bullish or bearish on US stock performance?
Would you take advantage of triple witching to find some trading opportunities?
Leave your comments and also post to win tiger coins~
If the market dips tonight, I might consider buying the dip on strong stocks like $Tesla (TSLA) or $NVIDIA (NVDA), which have shown resilience.
I’m wary of going short right now, especially with major banks predicting a potential correction next year. Shorting feels risky given the volatility tied to triple witching.
Overall, I'm slightly bearish in the short-term, as the market looks overheated with the high Shiller PE ratio. I'll consider using triple witching for shorter-term trades but will stay cautious.