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Inflation is climbing. Student loan payments are restarting. The economy is awash in cash. Workers are returning to work and to their offices. Covid is still out there. Crypto has been lackluster. People are spending again, not as much play money for meme stocks and crypto. Extended unemployment ending.
What will this Monday bring to the overall market?
MOONSHOT! I don't know though. Screening through stocks today was very bleak. We may see a relief rally, but charts on many stocks look awful. Flip of the coin.
I went from almost four hundred bucks in profit to nineteen and change between Thursday and today, Saturday (how's Vanguard updating things on the weekend??)...I mean I'd be happy enough if my savings/investment at least kept pace with inflation but this is a bit unhappy...yeah I know long-term/twenty years but still!
IMO bounce. Everyone already knew we had inflation and a rate bump was inevitable at some time. It was already priced in. Thursday/Friday was an overreaction from noobs. (OK, I hope)
The stocks I am in did actually particularly well. The reflationary trade was overdone. The stocks I hold that went down were ones that have had monster runs up until now. The others are little love bead type small watch list holdings. Now I can add to them as people sell off. I am hoping for a continued sell off in the value/commodity/materials sector.
I am very into the NASDAQ stocks so usually a big dip in the DJIA or S&P doesn’t matter much to me. For those that want a stock or two that go up I highly recommend getting some cyber security exposure. That summit in Geneva wasn’t exactly reassuring. CRWD or PANW would be good ones to look at.
FWIW I voted on the poll for bloodbath. Let’s get some FUD going.
Rising rates don’t tend to hurt stocks , fast rising rates do
Wrong, the market clearly cares that there could be deliberation on raising interest rates 2 years from now, hence the sell off...
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