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...
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...
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Why don't we go to the right for a while? I'm watching REITs in particular, they could react negatively.
If we stopped for a while on the spot, that wouldn't be bad either. A rest would be nice😊
I also don't see any major decline anytime soon, but the crystal ball could be wrong.
Right. Just don't be surprised
Okay, I agree.
Reaction to the Fed, belated, but still. I think after a brief correction we'll be climbing back up...
I guess so, it's just a matter of what the correction will be
Yeah.
I don't think we will see a bigger correction anytime soon. At the moment there is no reason for it yet.
There's no exact reason, but we can't just keep going up...
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.
Yesterday it looked like a rejection of lower prices. The market is very tight. I don't think it knows exactly where to go
Agreed, we were down a lot after the opening, I was down even more than the day before, but then it started to pick up and eventually the day ended up green. Well it seems to me that this market would like to cool off from the rise, but enough of the declines have been rejected so far as you say. I wouldn't dare say where it's going to go either. And if maybe the expected rate hike is already getting into the market, or if the reaction to that won't come until right before the event? 🤔
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.
If it does, good for the portfolio👍