RDPD富爸穷爸
2022-11-08

Base on midterm polls, Republican are favourite to win both Senate and House which means they are likely in control of Congress. Historically stock market tend to perform better under a split government so we shall see if history can repeat.

https://www.usatoday.com/story/money/business/2022/11/06/stock-market-outlook-midterm-election/10606588002/

While I'm hopeful of the traditional xmas rally, we should not discount the Jerome Powell's factor. If JP decides to open his mouth again to 'push down' the market, it means I get more time to accumulate more shares of my favourite companies. Either way bullish or bearish I have my plan to get around it.

As for DWAC, their financial metrics are bad. It's not a business I would like to own for long term, probably more for short term trading.

Midterm - Which Party Will Win? How Will Market React?
"Don't fight Santa Claus after mid-term elections"? The US midterm elections will be held on Tuesday, Nov. 8, 2022. The Elections come at a time when the schism between Democrats and Republicans is widening even further. -------- [TOPIC] 1.Do you think the Santa rally will begin together with Midterm election? 2.Which company can you name that benefit from Inflation Reduction Act (IRA)? 3.Which party will win the midterm election? -------- [REWARDS] Every post above 50 characters will get at least 50 tiger coins~
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Comments

  • MHh
    2022-11-14
    MHh
    The longer the bull the better to accumulate cash to buy haha
    • RDPD富爸穷爸
      Yes, I build my cash positions to buy businesses during bear market
  • HarryCox
    2022-11-09
    HarryCox
    Looking forward to the xmas rally too. But does it mean will have a big drop first??
    • RDPD富爸穷爸
      S&P 500 is already down 27.5% from peak to trough. Unless you are expecting a deeper recession ....
  • luckyone
    2022-11-08
    luckyone
    time to accumulate?...
    • RDPD富爸穷爸
      Depending on your investment time horizon and risk appetite. For me, I just keep adding more shares of my favourite companies
  • WernerBilly
    2022-11-09
    WernerBilly
    Btw, really think the marker will drop soon.
  • HelenJanet
    2022-11-09
    HelenJanet
    Thanks for sharing 👍👍
  • AnthonyC
    2022-11-08
    AnthonyC
    Thanks for sharing
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