I looked around and couldn’t find any particularly major negative news in the market...$BTC And yet the market still fell like this. In the early hours, I wanted to remind everyone not to get too excited, in case the market suddenly plunged in the middle of the night. I thought it over, but in the end I didn’t post anything.
Semiconductors are leading the decline again. Spcx and Tsla both reported earnings that met expectations, and their stocks even climbed quite a bit. Right now, it’s a case of investors cashing out after the good news is out, and money flowing out after most people had already bet on those expectations.
Selling pressure is coming from oil prices staying stubbornly high, along with the US midterm elections coming up soon. That’s making this stretch of the market extremely difficult to trade. What we can do now is figure out how to make money in these conditions—or even better, avoid getting involved in this miserable market.
The market is whipping up and down, turning liquidity on both the long and short sides into fuel. But if you ask me, a decline isn’t necessarily a bad thing. At the very least, you can pick up beaten-down shares at lower prices.
Semiconductors are leading the decline again. Spcx and Tsla both reported earnings that met expectations, and their stocks even climbed quite a bit. Right now, it’s a case of investors cashing out after the good news is out, and money flowing out after most people had already bet on those expectations.
Selling pressure is coming from oil prices staying stubbornly high, along with the US midterm elections coming up soon. That’s making this stretch of the market extremely difficult to trade. What we can do now is figure out how to make money in these conditions—or even better, avoid getting involved in this miserable market.
The market is whipping up and down, turning liquidity on both the long and short sides into fuel. But if you ask me, a decline isn’t necessarily a bad thing. At the very least, you can pick up beaten-down shares at lower prices.