US stock market is giving every signal that " all is not well "
Nothing matters these days :
10 year yield UP, market goes down
10 year yield goes down, market goes down
Earnings bad, stock goes down after being down 50%
Earnings good, stock goes down after being down 40%
Ukraine has become " center of all international tension " and market goes down on positive or negative development....there is no oil there or can it disrupt international trade in any way....but market has made it end all and be all issue.....a sure sign of bear market...nothing matters.....
World economy is racing back to normalcy, vaccine requirements being pushed out, planes are flying, factories are humming, trucks and containers are moving...but we keep going down.....
Famous chip shortage is another mystery after 2 years of COVID-19...does not make sense on lowered Auto production worldwide for 2 years.....
Once we complete this " bear cycle " and turn UP, none of the issues will matter....nobody will even mention Ukraine or Chip shortage...
SO keep your focus on your fundamental & technical analysis of each company in your holdings...that is all which matters in end....
Be ready to buy when downward pressure is @ maximum or reshuffle your portfolio to better mix....
YES...all bear markets do end and they become very painful in the end...which IS just about NOW...
Good luck with your patience & conviction, two virtues of fighting a full blown bear market...
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: +0.22% (YTD: -13.70%)
Notable Leaders: UPST CXM PLAY
Notable Laggards: ZIP ZENV VERI PINS
In a volatile week that started well but deteriorated late on Ukrainian tensions, the portfolio managed a small gain due to big positive movement from UPST after earnings. After a very rough start to the year, my returns are nearly matching the NASDAQ's, and I feel well positioned to capitalize on easing fears as we progress throughout the year. It feels like we are in a maximum pain moment on multiple fronts including the Fed tightening and geopolitics, so I'm looking for a basing or bottoming activity from which to build. Beat-and-raise quarters are still working to propel stock prices.
Holdings: UPST PLAY CXM SSYS DE ENPH AVLR ZIP VERI PINS USER ZENV GMBL BMEA, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 1.65%
YTD UP 6.47%
Saleem
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