I believe that the market has found strong support from the lows established in June. While the market will remain volatile especiallyas the next FOMC meeting approaches nextmonth, I'm cautiously optimistic that the inflation has peaked and the worst is behind us.
I'm hopeful that the Fed will be able to contain the inflation while avoid triggering a hard-landing of the economy. Meanwhile, I continue to dollar-cost average into $SPDR S&P 500 ETF Trust(SPY)$, as I trust that the market will emerge stronger in the long-run.
As for tech stocks, I've been slowly accumulating on $Apple(AAPL)$during recent market downturn. The company has strong fundamentals and healthy balance sheet. Its loyal and relatively affluent customer base will also help the company to mitigate slowing demands in the event of a recession. In fact, its stock price has largely recovered most of its earlier losses, reflecting market's optimism in the strength of the company.
@TigerWire@TigerStars@MillionaireTiger@TigerEvents@CaptainTiger
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