To The Moon

What is inflation? It is the rising of prices of the services / products over the year. For example, you can buy a chicken burger for 2 dollars in 2020, now it costs 4 dollars. What is recession? In general terms, it means that the economy is not doing well and the GDP declines. What is stagflation? Stagflation means that the economy has been stagnant, high inflation and low employment rate. Where are we right now? Yes, we are currently in the red bear market right now. The Nasdaq has fallen over 30% since Jan. Inflation and recession are common words we will be hearing when we are in a bear market. I feel that we are in a stagflation phase right now. In the latest Fed updates, there is an slight increase in consumer spending, however it is still very far from the pre-covid era. The unemployment rate is relatively high and the current inflation rate is close to 8%. Should we still buy the dip? Not everyone can time the market, it really depends on how much risks you can take. With more risks comes better reward. Currently we are about to see a double bottom by looking at the charts, i personally is invested for long term so i am able to take the risk by continously investing in it. There are many rumours saying the the US market is dying. Indeed the market is not doing well as it should be. A small position in right should be relatively safe in this situation. Let stay invested and when we see certain indicators and good news, let’s welcome the bull $NIO Inc.(NIO)$$NASDAQ(.IXIC)$$XPeng Inc.(XPEV)$