How fast things can change
2 weeks ago, the market was on a significant pullback with the S&P 500 down almost 5% from its peak.
But in the blink of an eye, positive big tech earnings have revived the rally to bring the market to its best week since Oct 2023.
How fast things changed uh?
Seems like the market is temporarily ignoring the various hot inflation data (PCE, CPI, PPI).
But in the blink of an eye, positive big tech earnings have revived the rally to bring the market to its best week since Oct 2023.
How fast things changed uh?
Seems like the market is temporarily ignoring the various hot inflation data (PCE, CPI, PPI).
From YouTube
$Super Micro Computer(SMCI.US$ $Taiwan Semiconductor(TSM.US$ $Starbucks(SBUX.US$ $Pinterest(PINS.US$ $Goldman Sachs(GS.US$ $Grab Holdings(GRAB.US$ $Spotify Technology(SPOT.US$ $Snap Inc(SNAP.US$ $U.S. 10-Year Treasury Notes Yield(US10Y.BD$ $ARK Innovation ETF(ARKK.US$ $Tradr Short Innovation Daily ETF(SARK.US$ $Alibaba(BABA.US$ $NIO Inc(NIO.US$ $Baidu(BIDU.US$
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Successful investing is about managing risk, not avoiding it. DYODD
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Maniac Fool : Good for sideways trading TA, not FA play lol. FED is talking this week again
tangobravoromeo : Like bad=good & good=bad for the markets…..WHAT A JOKE!!
Maniac Fool tangobravoromeo: Depends on your entry level and whether you are greedy or not aka “exit strategies- exit price “
tangobravoromeo : The ONLY time I’ve seen the “market” make large erratic moves like last Friday was the Flash Crash of 2010s
plays
MMs bring liquidity but it’s starting to feel like a pocket casino
How & Why is $SPDR S&P 500 ETF (SPY.US)$ 490s to 510s with no actual causation — the reasons for market flux these days are quite different from where I started & US was downgraded etc…These days its all up to Powell and everyones waiting for his lips to utter a date for cuts…. Sooo different where past it was M&A or a company finally turning profitable or earnings surprises…Lowered expectations, high inflation, myltiple global battles & novice traders are bullish!??
My only problem is trading with my sanity—Instead I should follow the herd & blindly buy calls on risky spec