Bull is here to stay
Market is getting slightly bullish now. It looks like a good time to load some good quality stocks and wait for the run.
CPI is out. It’s up to everyone to interpret is it good or bad. 2.5% is not a big deal I think as the focus is now on recession, no longer inflation.
Some good profit yeaterday. It will be much more by end of the year. Bull is here to stay, we are still in bull market 😉
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I Am 102927471 :
EddyQ :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
InfiltradeR : Fingers crossed on the jobless claim data tats coming later.
WolfRun OP InfiltradeR : Prepare for more bull?
InfiltradeR WolfRun OP : At this point of time, it's hard to tell since we're having the "Sept Effect", election period and negative macros. Judging from previous data, the numbers had been increasing since May and there's cases where it's been underreported. We'll never know what kinda game they play, at this point go with the flow. If jobless number surge, prepare to bail.
InfiltradeR : The main question at this point, how many of those jobs were taken by A.I if there's a surge in claims? We had entered a revolution and things could play out differently. Stay with the trend untill it bends.
WolfRun OP 103814843 : It’s under control now. There is more fear towards recession which is driving the market sentiment nowadays. That’s how the rate cut being triggered.
InfiltradeR WolfRun OP : Let's take historical data as reference. This is a chart for Jobless Claim and if you're familiar what happened on Nov 2021 onwards and Feb 24th 2022 (Ukraine Invasion), Nvidia went down by as much as 60%+ in 11 months from ATH. The market only recovers from Oct 2022 onwards.
On the extreme left of the chart, that's the jobless number before Nov 2021. So where do you think we are now? Still looking good isn't it?