Sell in May and Go away? Really?
Many talk about A Bottom due to Inflation. Are we there yet? Nope. This is a correction from oversold territory. $S&P 500(.SPX)$$NASDAQ(.IXIC)$CPI and Inflation data are still hot. Fed has limited options to fight inflation, except to raise interest rate and QT.
Best strategy now is to pick few trust names and trade them. Tell me who can belive the swing of $NVIDIA Corp(NVDA)$$Tesla Motors(TSLA)$ . More head winds to come but volitality is a sure thing.
Keep you cash. We can't say we are at a bottom until Ukraine is over and knowing what's coming for 2023. [Cool]
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Comments
the market has been overbought for some time and valuations are like never before
sooner or later fundamentals are gonna carch up