There must be something that the smart money knows. Not sure why Goldman is going against the general flow. As usual, the smart money manipulates the market and we never know if goldman is trying to trick retail investors to pour money into the stock market. I don’t dare to chase the highs at this current level. It looks over extended though valuation is near the past 5 years. Technology and AI has driven the gains. Considering that it is driven by specific sectors rather than market as a whole is concerning even with strong labour reports. AI and technology could go higher but I prefer to wait for pullbacks to give me bigger bang for my buck. There is no hurry to jump in with my investment horizon of at least 10 years. Rate cuts will likely fuel technology and AI stocks to rise but there may not be much room yet if they are already expensive. Perhaps healthcare stocks would still have room to rise. @LuckyPiggie @Success88 @SPOT_ON @SR050321 @DiAngel @Kaixiang @Wayneqq come join
Rate Repricing and Memory Crash Slam Markets: Risk-Off Here?
Nasdaq plunged 3.29% and SOXL cratered 23%, caught in a double blow from Fed rate repricing and a memory sector meltdown. Yesterday's hawkish FOMC shockwaves linger. Another violent rebalancing in the "software-to-hardware, growth-to-value" rotation underway since last week, with even the strongest memory crowded trades beginning to unravel. As rate expectations and sector liquidation resonate, will you cut exposure across the board, or hunt for hard assets in the selloff?
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