Cory2
2022-12-03

I don't believe the market has seen rock bottom yet. Some sectors are fairing worse than others. I think the supply chain and manufacturing issues/delays in China due to it's zero COVID policy are weighing heavily on a lot of companies, but seems to be pretty quiet? Ithink once China starts opening up again and their markets pick up, we'll see most markets pick up also. Just an educated guess. China is the biggest exporter in the world (last I checked) and supplies much of the world with goods, parts, materials etc. If that slows down, surely the companies/countries whoimport from China must too? I don't think the Powell speeches or the NFPs are the only go to data here...

US Market Hit the Bottom After Powell Speech?
The three major indexes rose overnight after Powell's latest speech. $NASDAQ(.IXIC)$ rose more than 4% and the $S&P 500(.SPX)$ gained more than 3%. Wall Street predicted the stock market would bottom out before the Fed pivots. ---- [TOPIC] Do you think market hit the bottom or not? Will Christmas help boost December? ------ [REWARDS] Join our topic and win at least 50 tiger coins~
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