Hahajoy
2022-10-29

$NASDAQ(.IXIC)$Thanks economy data shows lower than expected inflation, and give more chance to raise the interest 0.5 instead of 0.75. The market cheers with huge rise and give a beautiful up sign on weekly trend.

Nov. 1-2 FOMC meeting will be the most important factor for this rally. So far the rally is not like stopped although the tech section give earning warns. 

For short term investors, keep things easy, focus on the up momentum and semiconductor section. I will still put big techs like $meta$ and hedges with $soxl$,  $cost$.

As a short term investor, my idea is perhaps not suit for your long term strategy. Discussion are welcome. Build your own understanding of the market is important.


How to Interpret Powell's Testimony?
Federal Reserve Chairman Jerome Powell is scheduled to testify before Congress on 7th and 8th March. Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. The stock market plunged after his speech. Some investors argue that the market is over-reacting. --------- [Topic] How do you interpret Powell's testimony? How do you expect Powell's testimony tonight? How will the testimony affect rate hike expectations?
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