How would Market react if Fed hikes the rate by 75bps?
I m sure Market would love it and as july 75bps isalready priced in, Market will be very bullish. Even stocks with no fundamentals and no near term growth story would bounce along with the tide. So be cautious in choosing the stocks, just don't go by pooularity, do some checks on strong fundamentals and pick your list. I would stay away from Netflix, Tweeter, Paypal etc.
Will book profits in $Meta Platforms, Inc.(META)$$Micron Technology(MU)$and accumulate $JPMorgan Chase(JPM)$.
I will wait for $Yum(YUM)$earnings and sell it at126+ depending on the tide.
Any thoughts, suggestions.
Please follow me for more similar shares.
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