Sunday, May 15, 2022

US stock market on the mend....

 US stock market has finally found a bottom based on current issues.....

Inflation is not rising anymore

10 year rates are below 3% and has not breached its recent high of 3.15% ++

Ukraine war is in a stalemate

Corporate profit downward adjustments is happening

Wage inflation is tapering now as many corporations are rethinking hiring needs

Only area of concern is Gasoline prices which keeps climbing and affects every consumer in more than one way....

1 negative and so many positive development is bringing confidence back into US stock market

Technology saw the biggest turnaround in stock prices which is a great source of confidence as most traders and investors are always exposed.

I have a feeling that Technology will lead again much more than reopen stocks as gasoline prices / fuel prices giving a huge hit

Exposure needs to be increased in 70/30 format with technology in 70%

Most sectors corrected just about the same %...but moving UP will be much faster for key technology stocks.

Please do your own homework and see where is your comfort level.

It is never easy to make money in stock market where " noise takes over from facts "

BLOG does NOT give buy or sell.

Saleem


2 comments:

stocktrader_1996 said...

Hi Saleem,

Last week: -6.63% (YTD: -20.72%)
Notable Leaders: BMBL GTLB
Notable Laggards: UPST ZENV CXM PLAY IONQ

In a washout week for the markets, the portfolio barely survived being down much more mid-week. The biggest issue remains a very hawkish Fed into a potentially weakening economy and the questions are: which investments are safe and will the Fed back off at all? I have tried to stay with mostly growth stocks as they can continue growing in most environments, but the valuation levers are moving dramatically as well, creating uncertainty with stock prices. Ultimately, I am trying to stay nimble, selecting only the stocks with true long term prospects, but also showing outperformance already. It is a tricky game but valuation have become much more appealing during this massive 15-month downturn in many of these stocks.

Holdings: BMBL GTLB PATH ENPH SNAP PLAY TZA CXM LYFT ZENV UPST IONQ BMEA, cash 0%

Stocktrader

Stocks100 said...


Hi Stocktrader,

Last week Down 8.00%

YTD Down 3.07%

Saleem