$Amazon.com(AMZN)$ Bearish cos the Fed's move to slow the pace of interest rate increase going forward doesn't equate to stopping interest rate increase altogether. Inflation remains high even as it went down to the 7s - interest rates will continue to go up well into 2023 until the Fed achieves its target of 2% inflation.
During this process, recessionary pressures will mount and in Biden's own words, the US might experience a "mild" recession. Whether this will materialize, and if it does, how "mild" it would be, no one can really tell.
Should we adopt a cautious approach or be more more adventurous in buying the dip? I've been told that "fortune favors the brave" but I choose caution and am okay with missing the bottom - riding the wave up when things are more definite is something I'm more comfortable with. After all, Matt Damon said the same thing in advertising for crypto.com and look what happened đ
The above is my personal opinion only and does NOT constitute professional financial advice.
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