I realised that since covid, the stock market is held hostage to the Fed. The Fed helped it to quickly bounced back from the black swan event but started wavering when investors started to fear that Powell was too late in raising rates. When rates were raised, investors fled. Reports on CPI and the labour reports help investors predict the likely action of the fed and market responds accordingly. Macro events like trump’s tariffs, potential trade wars, actual wars, global supply chain problems, price wars seem to weigh heavily on stock performance and sometimes discordant from company performance.


I’ve learnt to be nimble and not be greedy. It is important to take profit in a timely manner and manage portfolio and risk management. Always keep some cash as we never know when the next macro event will drop a bomb. Just today, we learnt that the court block trump’s liberation day tariffs. This is good news but the flip side could happen if trump wins in his appeal.