Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your due diligence before making any decision.
The Red Sea is here. With numerous less than favorable financial statistics being announced over last week to this week, it creates a lot of uncertainty and impact confidence in investors. In response, they moved funds to commodities like gold, bonds and other "safe haven" sectors such as healthcare and utilities.
With the DOGE continuing its aggressive cost cutting measures in the US government, it impacts funds allocated for government contracts handed out to subcontractors. This explains the continued bearishness in the defense sector, which was flying sky high during Biden administration.
I do not think the bearishness in the market will stop anytime soon with so much uncertainty and headwinds circling. This will mean that some of your favorite stocks will go on a discount soon. So do not panic, set your buy in target and continue to stay invested in the market. I will skim down my options trading for now and focus on accumulation of stocks instead. Time in the market is more important than timing the market.
@madluvyz - Specialist in using TA to sell options and swing trade.😺
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