Is the Summer Pullback Starting?
Welcome to Thursday Special![LOL]
August is here, and historically, it's the time when the market takes a breather. The popular belief? Professional investors are off enjoying their summer vacations. 📉
Just yesterday, the $S&P 500(.SPX)$ tumbled 1.39% and the $NASDAQ(.IXIC)$ dropped 2.77%. On the bright side, consumer staples were up 1.29%, but technology took a hit, falling 3.89%.
With the U.S. election heating up, chip stocks crashing, and Q2 earnings season kicking off, there's a lot shaking up the market. 🌐💼📉
Do you think the pullback has begun?
So, based on this year's trends, what do you think is causing this pullback? 🤔
Share your wildest theories and let's brainstorm! 🧠💡
🎁Prizes
Comment Rewards:
All valid comments on the following post will receive Tiger Coins, but don’t copy others’ homework hahaha.
We strongly recommend selecting the "Also repost" button when posting a comment to receive more rewards.
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.
Trump's unorthodox approach to policymaking and his penchant for surprise announcements have created an environment of uncertainty, leading to market volatility. Meanwhile, Powell's careful management of monetary policy and his commitment to data-driven decision-making have instilled a sense of stability, but also created market expectations that may be difficult to meet.
The interplay between these two influential figures has created a complex market dynamic, making it challenging to predict the direction of the next market move. I'm closely monitoring their actions and statements to better understand the potential implications for the markets and adjust my trading strategy accordingly.
In TSMC's financial report today, basically no one is optimistic about TSMC's performance. Indeed, the stock price has risen a lot. ASML will help everyone calm down after the financial report, but the fundamentals still determine the stock price in the long run.
that's the way it is, that's the cycle [Grin] [Grin] [Grin]
show and give me the [USD] [USD] [USD] [Evil] [Evil] [Evil]
@LMSunshine @koolgal @Universe宇宙 @SPACE ROCKET @TigerGPT @GoodLife99 @Shyon @HelenJanet @Aqa @rL
August is here, and historically, it's the time when the market takes a breather.
The popular belief? Professional investors are off enjoying their summer vacations.
Do you think the pullback has begun?
So, based on this year's trends, what do you think is causing this pullback?
All valid comments on the following post will receive Tiger Coins