CPI 8.3% Market crash! See who are the novice investors now
Yesterday NASDAQ LOST -5.16%. S&P500 -4.32%, DJIA -3.94%. STI is losing -1.06% now Why is the market crashing again?
OBVIOUSLY US CPI data correct.
{{ CPI is consumer price index and it measures inflation rate.
US Aug22 CPI reads 8.3% which is 0.1% higher than july22!
Stubborn stubborn inflation...
"Everybody" was expecting FED to go "+75bps" increment.
Guess that was previously priced in?
BUT NOW, likelihood grows of a 100 bp Fed rate hike in Sept.
This latest CPI was a bad reading. No wonder the market crashed... }}
Now let me pause it here... Read the paragraph above again. ^^
It is ALL NONSENSE in the perspective of a long term investment.
What's mentioned above is called MARKET NOISE!
$Nasdaq Composite Index(.IXIC.US$
OBVIOUSLY US CPI data correct.
{{ CPI is consumer price index and it measures inflation rate.
US Aug22 CPI reads 8.3% which is 0.1% higher than july22!
Stubborn stubborn inflation...
"Everybody" was expecting FED to go "+75bps" increment.
Guess that was previously priced in?
BUT NOW, likelihood grows of a 100 bp Fed rate hike in Sept.
This latest CPI was a bad reading. No wonder the market crashed... }}
Now let me pause it here... Read the paragraph above again. ^^
It is ALL NONSENSE in the perspective of a long term investment.
What's mentioned above is called MARKET NOISE!
$Nasdaq Composite Index(.IXIC.US$
I want you to LOOK AROUND YOU...
WHO ARE THE GURUS TALKING ABOUT IT?
WHICH ADS ARE FLASHING IT?
Who is chattering with this noise?
Identify them to yourself and keep them in mind.
These are people who are still a novice with investing.
This period is exposing them.
Be careful about listening to them!
If you need wisdom, look to WARREN BUFFETT or HOWARD MARKS.
That's what I'd be doing. You wouldn't hear any FED rate hike speculation.
If you understand and agree till here, leave a LIKE or comment below "I ignore market noise"
Best Regards,
Josh Tan Jian Liang
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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I advise on personal finances & you may have been to my YouTube channels Josh Tan - TheAstuteParent & The Josh Tan Show
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