There's no sugarcoating it – this pullback has been painful, with the S&P 500 now having fallen about 5% from its most recent peak at the beginning of February. The NASDAQ has pulled back even further by 6.6%.
But if we zoom out a little further, the S&P 500 is still up almost 4% this year, while the NASDAQ is up almost 10%. And compared to its October low, the S&P 500 is up by 11%, while the NASDAQ is up by 11.6% compared to its December low.
To me, the market is just having a bad case of "rates indigestion" as it slowly accepts the narrative that rates will likely be higher for longer.
Only time will tell whether I'm right or wrong. But in the meantime, there's no point sitting and waiting when there's still plenty of fast profits to be made right now.
My "stealth profits" system has been pinging me almost non-stop about one juicy opportunity after another. See how you could spot these fast opportunities by clicking here.
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