The markets are giving us a clear sign to start the new week... red, technology stocks are down the most, $^NDX+1.0% -1.36% trailed by $SPY+0.6% with -0.45% and $^DJI+0.2% roughly at zero with -0.04%, the following decline will accompany this entire trading week, possibly beyond. Or will sentiment in the markets reverse? How do you investors see it?
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Mini break, the markets have been resonating for the last few days with the Fed's confirmation of hiking words and also a bit of that Russia. I'm expecting a bounce up again.
We'll see, as a correction I expected, but who doesn't I guess. I wouldn't see it as the beginning of the end though. Everyone probably already knows that rates are just going to come higher from the Fed, so it's possible that the market is already slowly reacting to this, "finally". I think we'll see more red now than in the first half of the year.
I wouldn't jump to conclusions from one cloudy day just yet :)
Pullback🙂