$Amazon.com(AMZN)$ Bearish as these days it seems like good news is bad news, and bad news is worse news. For example, if unemployment goes up, it could mean a potential ceiling to Fed's interest rates hike...but at the same time, it could also mean a potential incoming recession. It's a case of "damned if I do, damned if I don't" - a can't win situation.
With investors seemingly unable to catch a break from negative sentiments due to the spectre of higher interest rates going into 2023, plus a potential recession to boot, looming large in the horizon, I'm adopting a somewhat more cautious approach for now and buying the dip selectively. This is especially since my funds are tied up in the red within my current portfolio.
What can I do? Not much but to wait it out and cross my fingers for things to not get too bad...and hope that everything won't be lost đŠ
Imvest safe everyone đ
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