To The Moon

The anticipated consolidation after the Juneteenth holiday happened. It has been varied response from the 3 composite index. By the time market called it a day: DJIA : down -0.72% (-245.25 to 34,053.87). S&P 500 : down -0.47% (-20.88 to 4,388,71). Nasdaq : down -0.16% (-22.28 to 13,667.29). Heading into the 2nd trading day, things are still not looking up (see above). The 3 composite index “futures” are still languishing in the “red” zone as Mr Powell kickstart his 2 days testimony at Capitol Hill since early March. Many believe the core theme for these 2 days remains about “interest rate”, why it was paused for June, only to have 2 more adjustments before the year is out. Additionally, Mr Powell has the unenviable task of assuring both Democrats and Republicans that the economy is on recovery track. Personally, I think both Fed watchers & Investors (retail & corporate) are dying to find out when the next interest hike would be, so that they could go away and strategize. As for Capitol Hill, they just keep pushing the Fed on their conflicting objectives of (a) “weakening the economy enough to tame inflation, (b) without undermining it so much as to cause a deep recession. Mighty tall order, I might add! How Will Market Behave? There is no worthy news to spur the market on. Asian bourses have closed in the “red”. European bourses just opened, are predominately “red” than “green”. US market will continue to consolidate today & tomorrow. By end of the week, the “losses” cumulatively could become substantial. How Will I Behave? I have experienced the “highs” & the “lows” during the past 3 years I “know” myself and the kind of investor I aspire. I have learnt to “get distracted” when needed. Last but not least, if I have the faintest of doubt about buying a stock, I will choose to “pause”. Would still monitors: $JPMorgan Chase(JPM)$ $UnitedHealth(UNH)$ $Microsoft(MSFT)$ Do you think US Market will continue to consolidate today? Do you think you will pause if unsure OR still jump into the fray to buy or sell? Please give a “LIKe”, “Share” & “Re-post” ok. Thanks ! Rating is very important (to me!). Alternatively, would you consider “Follow me” so that you get firsthand read of my daily new posts? Thanks ! @Daily_Discussion @TigerPM @Tiger_SG @TigerStars @TigerEvents