What triggered the sell off? The driving force of the stock sell off was the rapid repricing of a December rate cut by the Fed. From a near certainty of a rate cut, now it is only 50% chance according to CME FedWatch tool.
To make matters worse, hawkish commentary from Fed speakers exacerbate the Bearish sentiments.
So should we buy the dip or wait?
I would buy the dip only if support holds and more stocks advancing than declining. I would be watching the Magnificent 7 closely especially $NVIDIA(NVDA)$ which is due to report its earnings on November 19.
This is a test of patience, not panic. Volatility is the price we pay for long term gains.
@Tiger_comments @TigerStars @TigerClub @CaptainTiger @Tiger_SG
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