World at a glance
Since the start of the Moomoo competition, China montary stimutus has brought tremendous bull market to investors who are in since last Tuesday. While everyone is anticipating for market pullback and it finally happened today but that is not the end of the rise as HSI still have room for growth.
While in the Middle East war are raging and Israel prepare to retaliate Iran, possibly targeting nuclear programme and oil refineries to further escalate the already intense situation.
And not to forget the upcoming US election on 5 November. Invest and trade cautiously.
Here’s the competition results for the last 3 days, ended in ranked 9 with $Opendoor Technologies (OPEN.US)$ pulling my portfolio down with negative of -$5.1k which is equalvalent to ~5%, in my personal opnion this ticker will rise soon just not within the competition period.
When Fed decreases interest rate, mortgage rate will drop as well even though it is lagging behind. Hence, the housing market will significant improve, more transactions means more revenue for the company.
Day 5: +5.5%
Day 6: +6.3%
Day 7: +7.5%
#moomoo #moneymaster #finance #psychology #economic #invest #papertrading #geopolitics
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