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.
Comments