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]
Will you "sell in May & go away"?
"Sell in May and go away" is an investment adage warning investors to divest their stock holdings in May. Will you sell, buy, or stay? Share to win coins!
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
the market has been overbought for some time and valuations are like never before
sooner or later fundamentals are gonna carch up