So the expected market correction is here

Community

· Jun 22

So the expected market correction is here. Currently, the $SPY is down 2% from last week's highs. How deep will this correction be?

There's still a chance it stalls and we go up again. But I wouldn't be too inclined to do that...

A community member's personal view, not investment advice. Community Guidelines

Rickie Reeve @rickiereeve Jun 22

Why don't we go to the right for a while? I'm watching REITs in particular, they could react negatively.

Ashraf Aboudar @ashraf_dd Jun 23

If we stopped for a while on the spot, that wouldn't be bad either. A rest would be nice😊

Randolf Babcock @randolfbab Jun 22

I also don't see any major decline anytime soon, but the crystal ball could be wrong.

Ashraf Aboudar @ashraf_dd Jun 23

Right. Just don't be surprised

Barrett Gardener @justbarrett Jun 22

Reaction to the Fed, belated, but still. I think after a brief correction we'll be climbing back up...

Ashraf Aboudar @ashraf_dd Jun 23

I guess so, it's just a matter of what the correction will be

Mikey Stone @mikeystone Jun 22

I don't think we will see a bigger correction anytime soon. At the moment there is no reason for it yet.

Ashraf Aboudar @ashraf_dd Jun 23

There's no exact reason, but we can't just keep going up...

Monday Dayton @mondaydayton Jun 22

Yes, it is. Let's see how strong investors are with psyche. Because I'm sure there will be some who will start selling in the confusion. The correction is good, the Fed will still raise rates that's for sure, but I don't see any lows, rather I believe every downturn will be used to buy.

Ashraf Aboudar @ashraf_dd Jun 23

Yesterday it looked like a rejection of lower prices. The market is very tight. I don't think it knows exactly where to go

Nikolas Gabriels @nikgab Jun 22

I think this is a kind of a resting zone caused by the Fed officials' statements. I expect more of a rise until the next meeting.

Ashraf Aboudar @ashraf_dd Jun 23

If it does, good for the portfolio👍

⌘ K

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