It's good for entry level at current depress price. Tech stock performance drag down by rate hike which in turn is trigger by inflation, and root cause for current inflation is crude oil. If crude oil alike other commodity, due correction in near future, then inflation pressure may ease off, prompted Fed to scale back rate hike momentum in next meeting, July. If inflation hike start to ease off a little in june and july, Fed could only hike 0.5 instead 0.75, market will rebound then
I believe, crude oil is due correction soon as sanction over Russian oil is only limited to western country, but, global largest oil importer, both China and India actually increase import oil from Russian, reduce oil from Saudi.
The surplus oil vacate from Saudi only need to redirect back to meet western country demand. In short, globally, total supply oil only minimum affected.
JPMorgan Chase & Co.’s Marko Kolanovic, a steadfast bull on US equities during this year’s selloff, is calling for stocks to rise 7% next week as pension and sovereign wealth funds rebalance their portfolios.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
firehawk
4,769 posts
Posted by firehawk > 2022-05-31 17:58 | Report Abuse
bought a little too :-)