I consider myself cautiously optimistic. I buy ETFs to reduce the volatility risk and yet with good chance of at least mirroring market returns. I agree that all investors have to be optimistic otherwise they would have taken profit or not put their money into the market at all.
I expect a small correction in October as people take profit but also expecting a potential rate cut that would send the bull going. The bull is still young all because there is still Penney of room for rate cuts to happen this year and the next.
I already have AAPL and recently bought UnitedHealth. Otherwise, I tend to have ETFs like SMH and VTI. I believe there is more room for rally in the HK and China markets so I have been buying the dips in the HK market like haidilao and popmart.
I think I have beaten the market this year with my combination of ETFs and some good performing stocks like taking profit for maogeping as well. This should be a good year for most as it is hard to go wrong.
FOMC Minutes Amid Shutdown! Is Fed Ready to Go Further?
Traders await minutes of the Fed's last policy meeting later in the week, while the federal government shutdown entered its sixth day.
Last month, the central bank reduced its benchmark rate by 25 bps.
Powell said in September that the Fed was facing a "challenging situation", noting that near-term risks to inflation were tilted to the upside and those to employment leaning downside. Powell is scheduled to speak on Thursday.
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Do you expect another 25 bps in October?
How will market move this week?
With multiple stocks surging, is market entering a stage of irrational exuberance?
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