setia100
2022-08-05

I don't think So ❗The rise was just happened to be the big tech companies earnings beating analysts estimates. Now, some come out to adjust their next Q numbers downwards like AMD, WMT n etc. 

Yes, oil price comes down. It has lagging effect of at least 3 months to tame the inflation. Old inventories need to be depleted. Will OPEC+ increases crude supply is still a question.❓

Other factors such as Ukraine war is still there. Food supplies are in constrained.

US-CHINA tension still high due to Pelosi problem 🤔

1 good factor, US individuals savings are at highest PT which means Retail players still got money to help meme stocks but fund managers are doing the opposite I guess. The best case is volatile markets in play if not trending downwards ❗

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Comments

  • HilaryWilde
    2022-08-07
    HilaryWilde
    Do you have any meme stocks to recommend?
    • setia100
      Sorry ❗I don't want to get into meme stocks.
      TQQQ, SQQQ, SPXU, SPXV are better stocks to play at these volatile moments if you can make good judgement on the trending n not greedy 🤔
  • DonnaMay
    2022-08-07
    DonnaMay
    Oil prices are falling, which is a good sign.
  • MortimerDodd
    2022-08-07
    MortimerDodd
    I sense a pullback is likely in the coming weeks.
  • BellaFaraday
    2022-08-07
    BellaFaraday
    AMD's fundamentals are excellent, aren't they?
  • PandoraHaggai
    2022-08-07
    PandoraHaggai
    The war's impact on the stock market continues.
  • W Stanley
    2022-08-05
    W Stanley
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