Small little pullback
S&P500 continues its small little retracement on Tuesday, clocking its first back-to-back red days since early September.
This small pullback is completely normally given how the market had moved into overbought territory earlier.
Earnings will heat up on Wed onwards with Tesla and Coca Cola reporting their results.
This small pullback is completely normally given how the market had moved into overbought territory earlier.
Earnings will heat up on Wed onwards with Tesla and Coca Cola reporting their results.
From YouTube
$Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Alphabet-A (GOOGL.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $Apple (AAPL.US)$ $Coca-Cola (KO.US)$ $PepsiCo (PEP.US)$ $Nike (NKE.US)$ $SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Lululemon Athletica (LULU.US)$ $Taiwan Semiconductor (TSM.US)$ $Qualcomm (QCOM.US)$ $Broadcom (AVGO.US)$
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Successful investing is about managing risk, not avoiding it. DYODD
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73275314 : I advise you to be careful, in the election year when Musk supports the wrong people, under the presidency of the Democratic Party in the election year, the stock market has been hitting record highs, which already proves that the Democratic Party will win. In this situation, they will do everything they can to short tesla to ensure the victory of the Democratic Party. The enemies you retail investors will face are Bill Gates, Warren Buffett, and Elon Musk, among other big players.
73372627 73275314 : You are complete wrong.
73275314 73372627 : hehe
Brandon Daniel 73275314 : Did the US stock market not reach new highs during Trump's presidency?
73275314 Brandon Daniel : What do you think? In 2019, Covid, and the stock market crashed in 2020. The imposition of tariffs on China led to price increases, followed by tax cuts for businesses. Monetary issuance is even higher than in Biden's four years, even in the situation of Biden issuing unemployment benefits.
Brandon Daniel 73275314 : During the previous administration of the USA (Donald Trump administration, January 20, 2017 - January 20, 2021), the performance of the US stock market was generally strong, especially outstanding in 2017 and 2019. Here are some key points:
1. 2017-2019:
In 2017, major US indexes (such as the Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Index) rose significantly. Tax reform policies, corporate tax cuts, and other factors promoted market optimism, driving the continued growth of the stock market.
In 2018, there was some volatility in the stock market, especially towards the end of the year. Concerns about the trade war and the Federal Reserve's interest rate hikes led to some declines in the stock market in the fourth quarter.
In 2019, the US stock market rebounded strongly, with all three major indexes reaching historic highs. Easing trade tensions, expectations and implementations of interest rate cuts by the Federal Reserve provided support for the stock market.
2. Impact of the COVID-19 pandemic in 2020:
In early 2020, due to the global outbreak of the COVID-19 pandemic, the US stock market experienced a historic plunge in March, with massive sell-offs leading to a drop of over 30% in the major indexes within a few weeks.
Subsequently, the US government and the Federal Reserve introduced large-scale fiscal stimulus and monetary easing policies. The US stock market rapidly rebounded starting from April and reached new highs by the end of the year, especially driven by the strong performance of the Nasdaq Index led by technology stocks.
In general, during the Trump administration, the US stock market experienced significant growth driven by tax reforms and economic stimulus policies, but also faced severe volatility and short-term market declines due to the COVID-19 pandemic.
73275314 Brandon Daniel : Thank you for agreeing with my views, and thanks to Trump for bringing inflation and the virus.
Brandon Daniel 73275314 :
Where do you see the approval?