Lot of earnings, news this week which will set the direction of US stock market.
On news front most important will be China's delayed Q 3 GDP report which may show slowest growth this year....
US GDP is also will be released slower growth of the year
UK Prime Minister may be in place to fight rising inflation
Australian inflation data to come out which may show 30 year high inflation
Earnings from technology giants are in the card Alphabet, META, AMZN & AAPL most will show slowest growth in Sales, EPS & Margins.....
Non Technology stocks like CMG may show improving Sales & EPS....
ENPH in Solar can be the key for this sector
All of the above can be quite stressful to think clearly as of the direction or impact for stock market, most will be negative....
SO...the question IS.....
How do we adjust to a very heavy news week.....
By staying the course is the-best strategy
Stock market seems to be on the mend after 2 years of downward move....
As stock market looks 6 months ahead....It may be looking @ lowering of interest rates...
Current stressful scenario may turn into optimism...
World GDP may be on growth path...
Thus go through this rough patch with hope & future optimism about future bull market..
Good luck with your own take of current & future environment.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Last week: +2.39% (YTD: -24.29%)
Notable Leaders: LYFT GTLB PLAY ZENV FLL
Notable Laggards: SNAP SYM
As the market rebounded fiercely despite continued rising yields, growth stocks were sluggish and caused underperformance. It has been a difficult year, and these times are no different. As many expect the upcoming earnings to be muted, it remains to be seen whether much of that sentiment and those numbers have already been factored in. A very poor guidance like SNAP's will cause serious decline still, so companies must prove their worthiness of these stocks levels. Relative strength is the #1 predictor of stocks prices going into year end as not many investors are willing to take a chance on beaten down stocks until next year.
Holdings: SYM PLAY IONQ GTLB ENVX FLL LYFT UPWK SNAP BMEA ZENV, cash 0%
Stocktrader
Hi Saleem,
Sold SNAP @ 8.46 tp find a better year-end investment
I'll kick myself if another company makes a buyout offer, but otherwise I think it's dead money into the end of the year.
Stocktrader
Hi Saleem,
Added to UPWK @ 12.43 ahead of earnings this week
Added smaller amounts to FLL ENVX LYFT
Stocktrader
Hi Stocktrader,
Last week UP 8.13%
YTD Down 13.40%
Saleem
Hi Stocktrader,
Good luck with more UPWK
Saleem
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