πIs this the rainbow after the storm or the fake spring? All the bad news have been exhausted: the interest rate hike, escalation of Iran War, collapse of Clarity Act.
Wall Street just pulled off a classic Sell the Rumour, Buy the News stunt. The market shot up today instead of retreating.
Investors are split up into 2 camps:
The Optimists:
Buying growth stocks today is like stepping out of the storm shelter the minute the rain stops. The sky is still grey but you are convinced the worst of the storm has passed.
The bad news machine has run out of ammunition. From here, the only direction is up.
The Realists:
Chasing this rally is like running outside during a temporary pause in a Category 5 hurricane. You think the storm is over but the back half of the hurricane is still coming.
Warsh has left the door open for future rate hikes if inflation refuses to go down.
My Take: DCA into $SPDR Portfolio S&P 500 ETF(SPYM)$ as the market goes up long term.
@TigerStars
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