Now it makes sense! The Fed has been talking up the economy so it could raise rates… eventually. The GDP number last quarter revealed the obvious, the US economy’s growth has been weak weak weak. But of course, to say they will raise rates does not mean they will raise it quickly, they just kind of want to. Just because.
Well I think they shouldn’t really. Consumers who have been signalling confidence for at least the last year have been indicating weakness, and honestly I am surprised they are saving more than shopping! hahaha But, we all learn lessons (from taking too much debt) and it’s as good a time as any. America has changed!
So what’s the deal, oils stocks down, biotech and tech stocks were being sold for profits but — well some are still good. AAPL provided fantastic earnings report but stock is downl… now the PE is around 16, looking like a bargain. So don’t despair, once the investor’s sentiment has improved (there’s a chance with the jobless claims report ) there’s your buying opportunity.
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Workshop has concluded last weekend and it was a fantastic learning experience. Thank you all for your contributions and keep checking your inbox for emails from our organizers Learning Curve.