Right again…. as I was saying in the previous posts and the free webinar we had the other day, with the Chinese govt stimulating their economy but US growth that may push the rate hike,,,, I don’t know if it’s any good to be in the market for “medium-term and long-term” investors. Those who are bargain-hunting better be actively monitoring the market because the prices can go downhill fast. Look at last night’s session …
It’s because there were US Fed officials are saying the interest rate hike is still in the cards. Given that:
US GDP grew 3.7% annual rate, beating consensus
Jobless claims dropped
— and you know the jobs data is what the Fed is watching.
So watch for signs of economic strength that will rock the boat.
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