In the last six months we are subjected to many tweets which is impacting world markets. I do not expect this is going to change anytime soon. With senate hearing coming up, it may impact markets.
Politics and investing do collide but not for long, in current "tweet laden format" it is taking a major toll.
So the watchword here is keep monitoring " alternative facts"...it may become larger than life pretty soon.
Wall Street has no history of dealing with ongoing tweets, fake news and alternative facts, it is throwing a monkeys wrench in everybody's investment / trading.
I am not sure, when we will get back to normal investing environment.
Having said all that, strong stocks are getting stronger, it may be the best place to hide.
FANG and SOX are running away in the right direction.....
Retail has been slaughtered and there is no end in sight to their troubles, Internet based stocks and Amazon types are in the right place with low cost.
Commodities are having no luck in slower GDP growth.
Chinese stocks are coming back strong and could be a good place to park money, Chinese GDP hitting 6.9% growth is the best in the world now.
There could be more turmoil on NAFTA re-negotiation between US, Canada and Mexico, it may go in uncharted territory.....
US$ UP and Down moves are another unsettling issue, it moves affects multinationals in a big way.
All major indices are above 50 & 200 DMA, which is quite encouraging.
SO...US politics, US$ are major issues to monitor.
Good luck with your own interpretations and comfort level.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
It feels like the market could be exactly here even if there were no political issues, so while it creates noise, I'm not sure it is creating lasting effects.
Another two of my watched stocks had action this weekend: HUN entered into a merger agreement (although not sure there's that much immediate upside), and MRAM was positively mentioned in Barron's (along with PI). I had stumbled across MRAM late week last while researching more on MU, and was excited to look further into it--I hate when it gets major public attention like Barron's though...
Add this to ATHN from last week, and all my ideas are getting taken while I'm in the research phase of these investments. That's a bit frustrating, but I guess it signals that action is alive and well these days...we just have to find it a bit more quickly :)
Stocktrader
Hi Saleem,
Last week recap:
Portfolio: -0.88% (YTD: +13.40%)
Winners: TZA KBH BABA
Losers: ZYNE MJCO ACIA Z SPLK
Current portfolio: TNA SPLK BABA RCL ZYNE MU KBH PLNT ACIA GRUB Z MJCO, cash 7.2%
Although I did well in reducing exposure and putting on a hedge prior to last week's decline, I bought some new stocks too early, and seemed to step into some mixed futures (GRUB competition, Z co-marketing investigation, ACIA sluggish business momentum). This is in contrast to some other ideas I was researching that ended up being exactly opposite and positive scenarios. This is the way of the market and stock picking sometimes...you don't always have the right timing or ideas. I know all I can do is continue my evaluations and try to put myself in the best position possible going forward. Let the new week begin! :)
Stocktrader
Hi Stocktrader,
About politics impacting market thesis, imagine just like John Lennon....IF Comey in his testimony to congress confirms "meddling in his investigation".......need i say more.....
Lost .85% last week......but YTD is still bad bad bad
Good luck with "speedy research and speedy execution"
Saleem
Hi Stocktrader,
Bought SWIR @ $26.85.
Saleem
Hi Saleem,
Good luck with an old favorite of yours, SWIR! :)
Stocktrader
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