To The Moon

It's official!  The Feds have spoken and raised the interest rate by 75 basis point.  This is the 3rd straight increase of 0.75% to quell persistently high inflation. 

Jerome Powell has reiterated his stance from Jackson Hole, 

" The FOMC is strongly resolved to bring inflation down to 2% and we will keep at it until the job is done."

So until the trend of inflation is down, the stock markets will certainly be volatile and the sentiments bearish.

The markets reacted negatively today after the announcement and the 3 US Indexes closed down. 

Investors are now pricing in a peak Feds Fund Rate of 4.6% in 1Q 2023 and recessionary fears are now heightened.

In times like this, I am reminded of Warren Buffett's wise saying,

 "When there is Fear in the market, it is time to be Greedy."

I stand ready to bargain hunt quality stocks selling at huge discounts.  Alphabet hit its 1 year low yesterday and today Meta Platforms also went down to its lowest level too.  At 28% drop for Alphabet and 60% drop for Meta Platforms, these stocks are oversold and undervalued.

It is time for action!

@MillionaireTiger@TigerStars@CaptainTiger