17 March 2021
The calm before the storm?
Everyone is waiting for the HUGE release of words coming our from Jerome Powells mouth today. At least thats what all the news are talking about. Markets are usually forward looking and their expectations are usually reflected in the charts. However, this does not seem to be the case now. The fact that market stayed stagnant yesterday, reflects that investors are unsure of what Powell might say.
Dow -0.39%, S&P500 -0.16%, Nasdaq +0.09%
You can say that Dow and S&P saw some profit taking yesterday.
So what am i doing?
Currently im staying out of the marker firsrt. If you read my previous post, you can see im a little pessimistic about all these liquidity. Quoting #gameofthrones, A Lanister always pays his debt. The Fed would have to pay his debt eventually. But how? Some noise in the market are expecting a rise of taxes sooner than later.
Well at this point, my guess is as good as yours. So im going to hold cash. In USD this time. I do have some postitions on tech stocks. But those will be to hedge my assumptions. If market do really go up, then at least i hedged my cash postition. But if market do drop, i will start to shop.
Disclaimer: The above message is solely my opinion and does not constitute as any form of investment advice.:
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