Why is the US stock market falling so much? Is there still hope?
Although the overall market hasn’t dropped that much, everything outside is already in cries of despair.
In the past few days, the pullback in memory stocks has been so severe that some people have already started cutting their positions.
That’s also one of the reasons why when I entered last month,
I always thought it was best to just hold spot positions.
After I posted on 6/5 when things suddenly crashed, it became difficult for the US stock market to simply rise mindlessly in a straight line from there.
Trying to go long/short with a leveraged bet on a “bull tail” move that swings wildly up and down would be very uncomfortable—at least with spot holdings, the experience of holding positions is still tolerable.
In the past few days, the Fed’s signals have also been relatively hawkish, and South Korea has also raised interest rates.
I think the Korean stock market is already preparing to turn bearish—it’s pretty much at the end of the line.
But the US stock market still has one last breath left; at the very least, it may hold on until before the midterm elections.
The CPI data this month was actually released quite nicely.
If you look at the futures/pricing market’s expectations, it’s also highly likely that it will neither fall nor rise.
If the FOMC confirms that it won’t raise rates, and the market gradually absorbs the negative impact from the hawkish signals,
I think the chances of a rebound are still quite high.
Going forward, my plan is the same: just hold steady and do nothing.
And as for Bitcoin, I still believe there will be a rebound—so I’ll keep waiting.
$MU $BTC $SOXL
Although the overall market hasn’t dropped that much, everything outside is already in cries of despair.
In the past few days, the pullback in memory stocks has been so severe that some people have already started cutting their positions.
That’s also one of the reasons why when I entered last month,
I always thought it was best to just hold spot positions.
After I posted on 6/5 when things suddenly crashed, it became difficult for the US stock market to simply rise mindlessly in a straight line from there.
Trying to go long/short with a leveraged bet on a “bull tail” move that swings wildly up and down would be very uncomfortable—at least with spot holdings, the experience of holding positions is still tolerable.
In the past few days, the Fed’s signals have also been relatively hawkish, and South Korea has also raised interest rates.
I think the Korean stock market is already preparing to turn bearish—it’s pretty much at the end of the line.
But the US stock market still has one last breath left; at the very least, it may hold on until before the midterm elections.
The CPI data this month was actually released quite nicely.
If you look at the futures/pricing market’s expectations, it’s also highly likely that it will neither fall nor rise.
If the FOMC confirms that it won’t raise rates, and the market gradually absorbs the negative impact from the hawkish signals,
I think the chances of a rebound are still quite high.
Going forward, my plan is the same: just hold steady and do nothing.
And as for Bitcoin, I still believe there will be a rebound—so I’ll keep waiting.
$MU $BTC $SOXL