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With the prediction of Dec 2022 Fed interest rate hike of 50bps is standing at 77%% vs 23% for 75bps, inflation may be cooling down. Similarly, merchandise prices are about to cool down. But prices of merchandise may not decline in short terms, and may continue to rise in 2023. Higher prices may cause consumers to cut back on discretionary products to cushion blows on wallets, but not on household items and groceries, the necessities.
$Wal-Mart(WMT)$ is resilient in this area of discretionary spending pattern.
Any dip is a good buy for me.
Using covered calls options also works fine.
It is definitely under my radar!
@MillionaireTiger @Tiger_chat @LMSunshine @Splitter @cuteypie @Shiropi
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