Jackson Hole 2023!!
All eyes will be on Powell's speech, US July CPI has only increased by 3.2% which is getting close to the 2% target set by the Fed. However, the Fed may not be pausing its interest rate hike soon and it's likely to cause the market to drop further.
The market is always unpredictable; it may start to fall when everyone is optimistic. Just like what happened after Nvidia's Q2 earnings. It was a huge jump in revenue but the market is selling down now. It's market manipulation at its best!!
On the other hand, it may start to rise when everyone is pessimistic! Hence, It's good to always invest regularly as no one can accurately predict the market. Even during a bull run, you should only invest in good stocks with fair valuation and don't have the "fear of missing out" (FOMO) urge to buy over-valued stocks like Upstart, Sea or VinFast etc.
The key to investment is patience, only buy good stocks at a fair price. Sometimes negative news may result in a drop in stock price temporarily and that may present a good opportunity to enter! For me, I'll only buy stocks with strong positive balance sheet.
While waiting for good opportunity to enter, you still have Tiger Vault to generate 5+% yield on USD. You can use free online tools, to determine a good entry price based on discounted cash flow analysis (it would be great if Tiger brokers can include a new tool for this!!)
Rmb to be greedy when others are fearing, that's the best time to earn your next pot of gold!! What do you think? Do let me know your thoughts!!
$SPDR S&P 500 ETF Trust(SPY)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
rumor says Black Rock exiting , Burry will be the richest man and second movie is coming.
The market is so unpredictable! No one was expecting it’s a red day today.
So the market is already down today, is it gonna continue tomorrow?
Great ariticle, would you like to share it?
Added shares down here in my long term portfolio anyways.