Todem
Footballguy
This market is so volatile right now.......again have a list of stocks you want long term. You are 99% never gonna catch the bottom. If the price is a value take a bite and buckle in for the long term.
Mega Tech is on a fire sale (NVDA, SHOP, AMD, ADSK) There is so much long term value in those names right now.....but they can and probably will whipsaw back and forth here for several weeks, months. So trying to time the bottom is a fools game. I have been buying dips.....but they get pushed lower. At some point we will stop and just be long.
Monday was an extraordinary day with that 1000 point swing on the Dow and now we are seeing that everyday this week pretty much.
Once the market fully digests the “recalibration” of monetary policy I expect this market later in the year to be a coiled spring and finish 6-8% higher than where we started. Maybe higher if the sell off goes deeper. I am seeing so much nervousness just by all the price action on growth names. And these are names that are built for high growth and free cash flow.
One area of the market that has been very resilient is the industrials, utilities and staples. It is very hard to find much value there right now. That is the leg down I am still waiting for to finish deploying the remaining cash I have. The proverbial “throwing in the towel” moment.
This market will be sideways for a while here till late 3rd quarter in my estimation. We may see a great rally followed by another sell off rinse and repeat until things are fully settled in with the Fed’s hikes etc.
The fundamentals though are strong and that is the key to all this. We are not having a double digit return on the index's this year (most likely) but positive returns are in view in my opinion simply based on the nature of why we have corrected thus far. Black Swains aside (Covid and War).
Mega Tech is on a fire sale (NVDA, SHOP, AMD, ADSK) There is so much long term value in those names right now.....but they can and probably will whipsaw back and forth here for several weeks, months. So trying to time the bottom is a fools game. I have been buying dips.....but they get pushed lower. At some point we will stop and just be long.
Monday was an extraordinary day with that 1000 point swing on the Dow and now we are seeing that everyday this week pretty much.
Once the market fully digests the “recalibration” of monetary policy I expect this market later in the year to be a coiled spring and finish 6-8% higher than where we started. Maybe higher if the sell off goes deeper. I am seeing so much nervousness just by all the price action on growth names. And these are names that are built for high growth and free cash flow.
One area of the market that has been very resilient is the industrials, utilities and staples. It is very hard to find much value there right now. That is the leg down I am still waiting for to finish deploying the remaining cash I have. The proverbial “throwing in the towel” moment.
This market will be sideways for a while here till late 3rd quarter in my estimation. We may see a great rally followed by another sell off rinse and repeat until things are fully settled in with the Fed’s hikes etc.
The fundamentals though are strong and that is the key to all this. We are not having a double digit return on the index's this year (most likely) but positive returns are in view in my opinion simply based on the nature of why we have corrected thus far. Black Swains aside (Covid and War).
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