Moz’s market update

Tough markets to call….everything hinges on the inflation numbers. Right now the market only looks at fundamentals when they point to a down move. Great earnings gets a company a small pop for a day and then it moves in concert with the whole market. Follow through is almost non existent.

The banks have raised rates dramatically, mortgage rates have more than doubled. Normally this would have fed into consumer behaviour and chilled spending. But post Covid there seems to be a live for today attitude. Inflation is proving hard to curb.

But asset prices, like housing are coming down and job openings are being filled more quickly. One of these days we will get a positive inflation reading….which is what the market wants. The day we get that the market will be up 3%.

But in the meantime the doomsayers are in charge. P/E ratios are well down. But now the bears claim earnings will disappoint. They haven’t yet, but Apple has everybody on edge.

Lots of negatives to work through. In this kind of environment TA is of limited immediate value, rumor and inflation reports set the tone. I  take note of the TA reports on Cramer, but don’t really do much analysis myself.

As for analyst reports….I guarantee you, reserves aside, most CEOs don’t have a good sense at the start of each quarter where they will end , and they have access to every number. So why should the analysts.

The S&P is down very significantly from it’s sugar high….close to it’s long term trend. It could go lower. But money invested in the market now will probably be well spent. I actually got some inflows recently and I’m averaging in…5% at a time.

Another way of playing this market is to buy a call spread on the S&P. Buy the 3600 and sell the 4000 for Dec 2024 for $190. If the market is above 4000 by then  (which it was just a few weeks ago) you make $400 on your $190 investment.

The fist thing to understand is that Biden and his handlers have blown the while thing DELIBERATELY. They and the other Globalist Marxists are busy with a planned economic collapse.

Hence t he USA bombing of the to pipelines

I know you really believe all this nonsense HasBeen-ou, but no, the reason they are pushing expansionary and therefore inflationary policies, is because they want to be re-elected. Most Dems want more money as most people do , they are just trying to get  there by a different path.

Remember the old saying:

Buy low and sell high.

Well I believe that the markets over the last weeks offered us a great opportunity to do just that.

I for one took advantage of numerous opportunities with the drop and built on some of the stock I hold plus bought some that I have been watching.

Sit tight and if you can afford to ride out this "drop" better days are just around the corner.

When has the market not rebounded.......

No crypto stock only monthly dividend US and Canadian stock for me.

Do you guys have any apps or programs in particular that you utilize to monitor or buy and sell stocks?