US stock market is in sell sell mode.
PCE took the wind out of optimism for peak in Fed funds rate...
Stock market does not like surprise in any indicator least of all inflation
Inflation has been in upward swing in 4 set of stats lately, that is an overwhelming statistics to deal with...
SO bad news on Inflation came and we tanked accordingly....
BUT that is done and over with....
Market knows now that we may go to 5.5% in Fed Funds rate
Based on known facts now.....US stock market starts regrouping and takes small steps for traders and Investors.
YES...Warren Buffett is right when he says " be greedy where there is blood on the street "
Look @ ARKK & my portfolio, It got decimated last week...enough blood already..
SO...start buying or adding which I have been doing for an eventual recovery in equity prices...
SO...look @ your portfolio and see IF you have been too optimistic in some of your holdings and may need trimming or outright sale....
There is always opportunity in every selloff, no different this time...
Fastest money Is made when you buy near the end of selloff or near end.
Good luck with your own thesis and comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: -3.67% (YTD: +32.69%)
Portfolio Leaders: BMEA BMBL PINS
Portfolio Laggards: SI BLNK IONQ SYM MDB
It was a pullback week for the portfolio as many of the high short interest stocks that have flown higher this year saw more pause. Overall this should be healthy for the market as froth remains contained and skepticism about future gains remains high (contrarian signal). I had worried about a February giveback month after a strong January, and that indeed did happen, precipitated by economic and inflation data that both pointed to some surprising strength in spots. I am interested to see how the February data looks, including the jobs report this week, after some seasonal effects wash through. I remain fully invested as the market holds key levels and appears to have weathered the storm during two weeks of digestion.
Holdings: SYM TOST PINS MDB BMBL IONQ SI BMEA BLNK ZENV, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 12.28%
YTD UP 16.01%
Saleem
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