Stocks are turning bullish heading towards end of September. Will it sustain?
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
$Meta Platforms, Inc.(META)$ $Corning(GLW)$ $OpenAI Lab Ecosystem ETF(OAIW)$ $Anthropic AI Lab Ecosystem ETF(ANTW)$
Good news for bulls, stocks rebounded nicely after navigating the choppy waters last week d/t Fed rate announcement. Mag 7 turning green, carried by good news from META for releasing their new AI bot. Despite the optimism, a lot of uncertainty are still playing in the background. Unresolved Iran/US conflict, increased tension in the middle east, escalating war between Ukraine and Russia and the highly anticipated meeting between president Trump and Xi this week in the white house.
To pile it up, we are heading into a “tradtional” bearish period of the year, whereby most fund managers will rebalance their portfolio. So will the bull run continue? Or will fear slowly creep in again? Nobody has a crystal ball for the exact answers, but I definitely would not go gunning with bullish trades heading to final quarter of the year.
@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
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