$NSDQ100 : ๐๐๐ฉ๐ฉ๐ฒ ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐๐๐ซ ๐ช
Contrary to mainstream opinion, looking ahead to 2023 there are, in my opinion, reasons to be bullish. We can see that the market is currently at an impasse where there is no room left but to go up. This view may seem simplistic, but let's take a closer look:
๐๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ง๐ญ๐ข๐ฆ๐๐ง๐ญ ๐
โซ๏ธIn 2022 the market was dominated by bears, devastating most assets and with nowhere to protect. $SPX500 lost 18% and $NSDQ100 lost 34%. In the end this left very bearish sentiment in the market which is now 48% bearish and only 27% bullish.
โซ๏ธThis 21% difference between sentiments suggests more investors may eventually become more bullish, which can create a rally and sustain it.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐ซ๐๐ญ๐๐ฌ ๐ฒ
โซ๏ธThe Fed has not been as aggressive with its policy decisions in four decades. Consider that rate is currently around 4.5% this suggests the Fed now has limited room to remain aggressive.
โซ๏ธThe last increase in December was 50, not the 75 that had been decreed in the four previous meetings that preceded the last decision.
โซ๏ธThere is now a greater than 70% probability that the Fed's next hike during February meeting will be 25 basis points.
Assuming these metrics, it will signal that inflation is being tamed and the awaited pivot has arrived. As such, technology stocks will bounce back from bear market lows.
๐ฏ๏ธ What do you think?
$OIL$BTC$UK100
one image by cookie_studio on free pik ... Show More
Wut?
There is. So. Much. Room. to go down - are you blind, or just unable to look at a simple graph?
Sentiment pfft.
At 4.5%, youโre right, the Fed only has maybe about another 3% to continue up. They probably wonโt. I think you have no idea whatsoever what effect rate hikes do to the economy since... Show More
