PCT: Tech Stocks Will Higher v2.0
PCT = Pandas Coffee Talk.
My pandas understandings: last 4Weeks there is a bull run in NASDAQ because there is a hope of no more further hikes. Then the PCE measure shows US inflation is indeed slowing down. All these point to a decrease of rates by Fed at next year 2023 first half.
Because a high rates mean high loans debts costs. US is very credit cards & loans debts intensive among common citizens. It is reasonable to assume Fed dont want such current high rates as much as possible. As short time as possible. So there is high probability of rates cuts step by step systematically if current inflations slow down is maintained.
When rates come down. Stocks go up. Tech stocks go up even more.
All countries is doing clamp down on crypto exchanges. SG Singapore is disallowing SG debit cards credits cards to buy crypto in crypto exchanges next mid2024. So crypto will be further hit. This will make Tech stocks go up even higher.
Yes yields of Tech Stocks will go higher.
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Small fry monk investor. New in investing & trading. See myself going Trillionaire. Eternal life & nothing better to do.
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