"Disinflationary process" is taking place in the US economy right now. Although there are reports that Fed might pause its interest hike, inflation is still coming down very slowly. History has shown that softening stance from Fed may lead to higher inflation. The central bank was now aggressively increasing interest rates to bring inflation back to around 2 percent, its long-established target. If the Fed failed to get inflation lower, it would damage its credibility and sow doubts about its ability to guide the economy.
On the other hand, the economy and job market are still going strong and the next million dollars question in everyone's mind is what action is Fed going to take next?? Furthermore, we are observing extreme greed in the stock market right now.
Although it's always good to invest regularly as no one can accurately predict the market, but it may not be a good time to buy when prices are near 52-weeks high and the market is in extreme greed! I'll keep my spare ammo in my Tiger Vault for the time being. What do you think? Do let me know your thoughts!!
$Nasdaq100 Bear 3X ETF(SQQQ)$
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Should we wait for a dip in the market before buying?
Inflation, interest rates, and doubts about the economy? Sounds like a comedy show! Pass the popcorn, please
Ah, the age-old question: What will the Fed do next? Let's grab some popcorn and watch the drama unfold
Hold your horses, my fellow stockholder! The market's like a roller coaster, but we're in it for the thrill
Is it worth risking it with the current extreme greed in the market?