The Investor’s Dilemma: Hang In Or Jump Out?
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- Опубліковано 14 чер 2024
- This is our weekly market update, is the best way I have found to organize my thoughts for the week and to track what’s going on. We start in the US, crosses to Europe, then Asia, and Australia, and we also cover commodities and crypto.
In the US, the Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The Dow Jones Industrial Average fell 0.15%, to 38,589.16. The S&P 500 lost 0.04%, at 5,431.6 and the Nasdaq Composite added 21.32 points, or 0.12%, at 17,688.88.
For the week, the Dow was down 0.5%, the S&P 500 rose 1.6% and the Nasdaq was up 3.2%. So the S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. The S&P 500 technology sector rose 0.5%, hitting another record high close. The communication services sector rose 0.6%, leading gains among sectors.
Adobe shares jumped 14.5% a day after the company raised its annual revenue forecast on more demand for its artificial intelligence-powered software. But the Russell small-cap index fell 1.6%, adding to recent losses, while the S&P 500 industrials sector was down 1%.
The big issue this week was the Feds post decision press conference, with investors still trying to gauge how soon the Federal Reserve might be able to cut interest rates following Wednesday's cooler-than-expected CPI report and the Fed's revised dot plot, which lowered rate-cut expectations this year from three to one.
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Hurry up Meteor
20% dump before September then a little rally then another 20% dump.
the market needs to end!
🙂
It's almost impossible "to time the market". The doomsdayers have been on song for quite some time.. particularly ramping up their well known rhetoric over a year ago as inflation and interest rates rose coming out of the pandemic. And the yield curve has been inverted for well over 12 months. If you had of 'jumped out" back then you'd be well down - missing rises in various markets of anywhere between 10% and nearly 50%, not even including yr purchasing power has been eroded by 5%+ from inflation. Conservative assets like long term Bonds have also continued to fall. So what to do now? Who knows? If might crack ...sure.. some day...but when? *when* who knows who really knows? A fall of 25% plus from here? And those that stayed in the market 12 months ago would probably still be in front. Yet the press would scream *crisis* Stockmarket crashes! It's a fools game right now trying to predict the macro IMO with so much noise around - better to try pick individual quality assets that will do well in any "economic macro" environment. I have no idea what to do. Does anyone? No advice
When it uninverts you will have recession unless they don't let it hahaha....
Invest in a vegetable garden and maybe bury some precious metals while your at it...I've been converting fiat currency into fertile soil and livestock for a while now. If you only only do stocks perhaps look into commodities as diversity move. Not my game though I prefer tangible hold in the hand wealth.
Some areas did peak 12 months ago, and the prices in certain types of properties that are not popular with foreign investors and new immigrants have come down. If it weren't for those two groups buying up on mass, then all areas would have declined in price in line with interest increases.
@@itsonlyafl3shwoundwe are already in a recession, they just refuse to announce it.
@@nicolle_2944 💯