Short trading week
US stock market will be closed on Monday in view of Labour Day. In addition, earnings season is winding down, and economic calendar looks light. So the overall headline risks or potential landmine could be subdued.
Investors can only scrutinize last week’s economic data and debate or speculate the future path of Federal Reserve’s rate hike campaign
Check out my latest YouTube video for more info:
Wobbly US Stock Market - Bearish Sep! What Should We Do??
https://youtu.be/G9wOw1S89Pg
$Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust-ETF(QQQ)$ $Apple(AAPL)$ $Meta Platforms, Inc.(META)$
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I'm not buying stocks anymore starting now; I'm going for a more stable approach by directly investing in broad-based index ETFs.
I still believe there is a high likelihood of the Federal Reserve raising interest rates in September, so I'm betting on a pullback.
Apart from the popular sectors like AI/TMT, the overall market conditions are currently quite average.