Sensitive market
In the near term, the market is very sensitive to events. One moment, when the yields hit 5%, market staged a sell off. Next moment, yields retreated, market rebounded
At one point, Powell came out to spook the market with his speech, the market tanked. And last week, Powell sounded dovish, and the market shot up and clocked the best week of the year
When job market came in hot last month, the market plunged. Then just last Friday, jobs report came in soft, the market cheered and rallied.
The same catalysts can move the market in BOTH directions. I guess it’s like how the old saying goes: the water that bears the boat is the same that swallows it up. In Chinese, it’s called: 水能载舟，亦能覆舟.
Anyway, that’s how sensitive the market is in the short term. Look far, long term investors
At one point, Powell came out to spook the market with his speech, the market tanked. And last week, Powell sounded dovish, and the market shot up and clocked the best week of the year
When job market came in hot last month, the market plunged. Then just last Friday, jobs report came in soft, the market cheered and rallied.
The same catalysts can move the market in BOTH directions. I guess it’s like how the old saying goes: the water that bears the boat is the same that swallows it up. In Chinese, it’s called: 水能载舟，亦能覆舟.
Anyway, that’s how sensitive the market is in the short term. Look far, long term investors
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102125877 : Yes good news doesn't mean market is good. It all depends on the market mood.
protraderx : it is like this all the while. US market is very engaging and exciting but more importantly it gives you opportunities to make money every single minutes in both directions. it's trader's playground.
Cow Moo-neyOP protraderx: Very true