It will cause a bloodbath especially by looking at tech indices such as $Invesco QQQ Trust(QQQ)$And $Technology SPDR(XLK)$. Personally, this is more due to sentiment rather than fundamentals. Most of the firms fundamentals are rather solid. I will be entering the market while it is down and hold the stocks for sometime till they ride out this storm. DYODD.
The interest rate hikes may even benefit firms such as Visa as the payments volume will be higher.
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- MyrnaNorth·2022-05-06The more turbulent times you are in, the more you need to keep calm. It is best to choose stocks with stable stock prices and complete company fundamentals.2Report
- CatherineGunter·2022-05-06I also think it's best not to act rashly now. You can continue to hold bullish stocks and not be affected by external factors.2Report
- CyrilDavy·2022-05-06Agree with the author that the current market turmoil is mainly affected by external factors of the company.1Report
- ethanlam·2022-05-06so warm lah1Report
- 海迷·2022-05-06yeet2Report
- Ethan23·2022-05-06Agreed!! 👍🏻2Report
- huaigim·2022-05-06Awe some2Report