The recent weakness in the SP500 might be primarily driven by profit taking after a impressive run that lasted several weeks. No major news in term of economic data, political events could be attributed to the drop. We expect the strong performance in the SP500 to continue despite headwinds such as geopolitical challenges, inflation and a slowing economy, primarily due to the dovish signals from the Federal Reserve.
$Tiger Brokers(TIGR)$ Am poorer due to high inflation which affects my rent, daily expenses and a weak and volatile stock market makes capital appreciation difficult.
Bitcoin value seems to be on path towards rapid recovery after a cold winter triggered by rate hikes, the collapse of several crypto exchanges and assets. Amongst the factors are the imminent approval of a spot Bitcoin ETF, expectations of rate cuts in 2024. We maintain strong overweight on Bitcoin itself and Bitcoin-related stocks.
still bullish on Apple, primarily due to its strong moats, unrivaled customer loyalty and wide range of products abnd servives. Its balance sheet is stellar, with billions of dollars to fund new projects.