To The Moon

$Nasdaq100 Bull 3X ETF(TQQQ)$ 

The Labor Department's employment report showed that nonfarm payrolls surged 517,000 jobs last month and investors would have to reassess interest rate outlook after unexpected labour market acceleration.

Big central banks this week raised interest rates to their highest levels since the global financial crisis, yet investors rushed into equities and bonds after officials hinted that the current cycle of monetary tightening may be nearing its end. Investors were buoyed after Fed chair Jay Powell said the "disinflationary process" in the US economy was under way.

Although there are reports that Fed might be planning to slow down on its interest hike, perhaps they won't be slowing down soon. History has shown that softening stance from Fed may lead to higher inflation. The central bank was now aggressively increasing interest rates to bring inflation back to around 2 percent, its long-established target. If the Fed failed to get inflation lower, it would damage its credibility and sow doubts about its ability to guide the economy.

Will we have a recession next? No one knows but we can react accordingly. Higher interest hikes may cause the market to crash lower temporarily but it also allow us to buy more stocks at a cheaper price again for long term holding. What do you think? Do let me know your thoughts!@

@Daily_Discussion  @TigerStars  @CaptainTiger  @MillionaireTiger