With the US markets closing down for 4 consecutive days, it looks like September is on track to be the worst month of the year.
Ever since Jerome Powell's hawkish speech last Friday at Jackson Hole, the stocks markets have cratered as investors are bracing for aggressive rising interest rates. It is almost certain that 0.75 rate interest rate increase is on the cards this September.
How would I trade? It is business as usual for me. I am simply dollar cost averaging my favourite ETFs like $SPDR Portfolio S&P 500 ETF(SPLG)$ and $SPDR Portfolio S&P 500 Value ETF(SPYV)$ as my time horizon is long. I stand ready to deploy my warchest to buy quality stocks like $Apple(AAPL)$$Microsoft(MSFT)$which may be trading at a big discount to their intrinsic value.
That's what Warren Buffett would do. Buy when there is Fear in the market and reap the rewards long term.
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