Fear has finally crept into US stock market....
Everyone is afraid of this market....
Even those who are bullish have very low confidence in the direction of US stock market....
Biggest stumbling block is ongoing war in Ukraine....
Ukraine has become biggest question mark which is preventing this market to find a bottom..
Inflation has an end point
Interest hike has an end point point
In normal market environment Inflation & Interest hikes would have created a bottom in US stock market but with uncertainty about Ukraine, nobody knows and can predict.....
This market environment can only create more opportunities for shorts and bulls are suffering...
Last week was a clear tell tale that nothing is changing anytime soon....
It is becoming extremely difficult to even analyze technicals or fundamental as everything is intertwined badly.....
I am expecting more downside until Ukraine gets resolved.....
Inflation is subsiding based on my analysis....which is a good thing...
Interest rates are on the verge of peaking based on much watched 10 year yield...
BUT Ukraine maintains status quo
All I am doing is maintaining my exposure till market psychology changes...
What you should do is based on your view of inflation, interest rate and Ukraine.....
For some waiting it out may be a better strategy when more clarity is evident.
In the meantime good luck with your homework as more and more sectors are joining ongoing pullbacks and slump.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: -6.40% (YTD: -15.08%)
Notable Leaders: BMEA UPST LITE
Notable Laggards: LYFT IONQ ZENV SNAP GTLB
The portfolio's growth stocks finally cracked under interest rate pressure and poor earnings from LYFT contributed to a very down week. I still contend that many issues are at peak "fear" and look for companies that beat estimates to be rewarded again. It's a matter of conviction and patience at this time.
Holdings: ENPH LITE PLAY UPST PATH CXM BMBL SNAP MNDY GTLB ZENV LYFT IONQ BMEA, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 5.90%
YTD UP 4.93%
Saleem
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