S&P500 rallied on Monday to end its 6-day losing streak. A short term bounce has always been on the card given how oversold the market was. Monday’s rally was driven by tech stocks, just like how last week’s sell off was also by tech stocks. What makes things even more interesting is that we have 4 heavyweight tech firms reporting this week - Tesla, Meta, Microsoft and Google. Things could swing wildly. $SPDR 标普500指数ETF(SPY.US)$$标普500指数(.SPX.US)$$纳指100ETF-Invesco QQQ Trust(QQQ.US)$$3倍做多纳指ETF-ProShares(TQQQ.US)$...
Markio1315 :
Tesla will not affect market.. Meta to some extent depending if they still pump more capital to increase capacity. Microsoft and Alphabet would be the bet swingers.
Market is currently repricing Fed expectation of rate cuts this year, especially after Powell’s hawkish remarks yesterday. We have gone from an expectation of 6 rate cuts, to 3, to now where some are questioning whether would there even be a rate cut this year. There are even people saying that we could have a rate hike instead. Mind F at its best 😂 Anyway, there’s always 2 sides to a coin. If the interest rate remains high, investors can continue to milk some returns from money market ...
Salmon Kleindwarrior:
I agree that the market is way to bearish...never it has been this bullish over the last 6 months (my personal experience of course). nonetheless why cutting rates cut is bad don't get it, it means no crisis at the end of the year...why to drop the value of the entire market...what am I missing?
$Peloton Interactive(PTON.US)$Buy decent stocks when everyone is bearish on it. This stock was trading in the triple digits at one point, but its now in the single digits. This is not a meme stock, and while it’s not a solid company it could turn around; on the flip side it could also go to zero. I’ll watch it for a couple months to see where the bottom is if any, but I plan to buy before Powell starts cutting rates. Hopefully before the stock breaches double digits. Only time ...
As we entered the second quarter of the year, the US stock retreated for 2 consecutive days. Some strong economic data on Monday had sent yields higher and reduced the odds of a rate cut in June - this could be the reason why we are having this little pullback. But on Tuesday, Fed’s Mester said that she continues to expect the central bank to be able to cut rates this year, and June could be the start. Let’s see if this will calm the market a little. Meanwhile, Powell is scheduled ...
OceansWave :
There is also the possibility that some are cashing out for the new quarter as earnings season is coming into play… wait for various stocks to pullback more before entering… it’s also possible.. But using technicals, it’s behaving like a slight pullback.. QQQ held 438 which was the support for yesterday..
Stock Therapy : I don’t think it’s ended.
Markio1315 : Tesla will not affect market.. Meta to some extent depending if they still pump more capital to increase capacity. Microsoft and Alphabet would be the bet swingers.
Cow Moo-ney楼主 Stock Therapy: Maybe only ended temporarily
Maniac Fool Cow Moo-ney楼主: Dead cat bounce
Maniac Fool Markio1315: Meta is related to Nvidia in synergy