It’s been a while, but I’m back. Work has been too busy to post but now I am back and will post my ideas once again.
I called a top three weeks ago at 4000 on the S&P500 . The pullback started earlier than anticipated, but we have now started the correction in equities. It would seem as though the fed are between a rock and a hard place, with inflation rising / rising bond yields, the fed may be forced to act at some point by increasing interest rates - this = bad from high growth stocks with silly multiples.
I am unsure as to where this is going to end, as such I am currently cash apart from my holdings in oil & royal dutch shell.
We need to see a strong bounce at 3700, otherwise 3500 is in easy reach. Personally I would await a confirmed bottom before 'buying the dip, in tech stocks'.
Good to be back.
I called a top three weeks ago at 4000 on the S&P500 . The pullback started earlier than anticipated, but we have now started the correction in equities. It would seem as though the fed are between a rock and a hard place, with inflation rising / rising bond yields, the fed may be forced to act at some point by increasing interest rates - this = bad from high growth stocks with silly multiples.
I am unsure as to where this is going to end, as such I am currently cash apart from my holdings in oil & royal dutch shell.
We need to see a strong bounce at 3700, otherwise 3500 is in easy reach. Personally I would await a confirmed bottom before 'buying the dip, in tech stocks'.
Good to be back.