Jul 18 • General discussion
July 30 - Fed may trigger a turning point in the market
As we step into earnings season, we see that NFLX initially was rallying until earnings which dropped.
We observe that high-risk stocks are coming back (LCID, OPEN)
We observe that the market is near all-time high but momentum is slowing down
In other words, we are waiting for a trigger for a pullback.
There are a few possibilities:
1. Fed Jul 30 speech (most likely)
2. Big tech earnings
3. July close - as August is historically a slower month
4. Tariffs - August 1
While you can continue to stay in the market through S&P500 SPY, I wouldn't recommend using any leveraged positions for now.
Hold a good amount of cash
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
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July 30 - Fed may trigger a turning point in the market
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