In less than 5mins, after US GDP is announced, all Futures indicators turned red. Does this represent how Wall Street and retail investors' viewpoint.
Will GDP results reverses yesterdays'gains after the 0.75% interest hike ? Can't wait to witness how the market will behave on 2nd last day of July 2022.
Regardless of market's behaviour, I will be keeping a closed watch of (a) Amazon because it will be releasing its Q2 2022 results and the 3 semi-conductor stocks (UMC, HIMX, TSM).
Secretly hoping that in the morning, market will have an adverse reaction to the GDP results so that I could pick up some bargains.
Secretly hoping too that by noon or latest 2pm, after GDP results have been chewed and fully digested, Wall Street and retail investors would come to their senses that it is not a "bad" set of results - disappointing (a little) but nonetheless not bad; especially during such trying times.
With composure re-gained, Wall Street will return to continue its buying spree; just liked what it did yesterday.
Secretly hoping too that this upwards momentum could continue into Friday (29/7); closing off July 2022 on a natural high.
How wonderful would this be. Don't you agree ? Hee Hee.
A song that matches my "secret" wish ? Wishing On A Star sung by Rose Royce. Dunno ? YouTube it...
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- JC888·2022-07-29Is it safe to say that 2 of 3 secret wish came true? Only left to be witness is today's closing. Will the 3 boards end on a high for July 2022...Watching!!!!LikeReport
- MortimerDodd·2022-07-31Do you see another 100 basis point hike in the future?LikeReport
- ElvisMarner·2022-07-31Hope there is no more negative news in the stock market.LikeReport
- Maria_yy·2022-07-31The macroeconomic environment is not good.LikeReport
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- HilaryWilde·2022-07-31I'm also focused on Amazon.LikeReport
- JeslinToh·2022-07-28Best of luck to US investors🙏LikeReport
- Sonoma·2022-07-28Thank you for sharingLikeReport
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