2022 US stock market is in rear view mirror....
Many traders will keep looking in rear view to deal with uncertainties of world & US stock market.
China also is a factor going forward..
COVID-19 is a factor
Inflation is a factor
Inventory hangover is a factor
Russia / Ukraine war still impacting
Last but not the least Interest rates are a huge factor
When there are so many uncertainty going forward PE is taken down....
Biggest question in the market IS........how much more BLOOD going to be after Nasdaq slumped almost 33% +-
Nasdaq has faced a long 30 month slide since July 2020.....
Nasdaq may or may NOT be @ bottom yet BUT most of the damage is already done in majority of stocks....
NOBODY even technicians predicted 33% slump or 30 months slump, most technicians came ALIVE near 4000 in S&P 500...with their well defined downtrend.....
We ended the year very badly with Put / Call ratio @ 1.5 to 1 lowest since 2001....a 22 year low....
YES all records are made to be broken BOTH on the UP move and DOWN move.....BUT we are @ historic low...
NOBODY has or can BUY @ the absolute low ever.....BUT to buy near LOWS is a stroke of GENIUS & GUTS...or may be just plain LUCK
Another factor to think of IS record amount of cash being held on the sideline, highest cash to DEPLOY since 2006...a 16 year high.....
Based on all of the above known & unknown...It IS the right time to be exposed on the bullish side...as the market shows FIRMNESS then more & more allocation should be done.
YES....we all had a very BAD year as most stocks have slumped 50% in last 30 months.....
My loss for the year is 26.54%......
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: +3.22% (YTD FINAL: -29.68%)
Notable Portfolio Leaders: BMEA SYM LYFT SNAP
Notable Portfolio Laggards: ZENV
And so ends the toughest year on record for the portfolio, still hungover from the amazing 2020 that made generational gains. I did not expect service inflation to be so sticky this year, and has created a Fed more hawkish than we've also seen in a generation. We find ourselves in 2023 with very low prices and more sustainable valuations, but growth may still be elusive where only small pockets exist - that's a hard market in which to invest. I am short term concerned, but remain long term optimistic, as always. I hope that 2023 finds everyone in better standing :)
Portfolio: SYM LYFT SNAP PLAY GTLB UPWK IONQ BMEA ZENV, cash 0%
Stocktrader
Hi Stocktrader,
Last week UP 1.17%
YTD Down 26.54%
Saleem
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