Keeping things short and sweet on why I think there are more upside than downside
1) Inflation is coming down faster than expected (October was 7.7% vs estimate of 8.0%)
2) Fed is looking to slow rate hike (from an expected 75bps hike to 50bps hike)
3) China covid restriction is easing up (economy will start rolling again once Chinese starts spending around the world)
I have been adding more to my current positions and I believe the market will start rallying again towards the start of next year when Fed starts cutting interest rate.
The potential downsides would be November inflation coming higher than estimate and Fed would have to revert to its initial stance of 75bps hike.
I personally invest in $TSLA $GOOG $MSFT $AMZN $AAPL $VOO $QQQ. As a long term investor, I am not too worried about short term volatility. It is definitely easier to invest in a bear market than a billmarket.
Most blue chip companies you are buying now are at discount to previous highs or average PE. You will be thankful for the investments made this year intime to come!
Please like and share your views!
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This guy knows his stuff! LFG