Scary situation ahead ?//
@robot1234:
Retail investors should note the ending para of the report: S&P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 131 new highs and 17 new lows. Retail investors should note nothing goes up in a straight line forever. Beware that since the declaration of the Covid-19 pandemic in early March 2020, the S&P has risen around 75%, and the Nasdaq almost 100%. Stock prices have run wayahead of fundamentals and economic growth. Going forward, the probability of upside is likely to be limited.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments