@AMDidass:Wall Street Ends Lower After Midterm Election, CPI in Focus Reuters 2022-11-10 06:53 DJIA -1.95% NASDAQ -2.48% * Meta Platforms gains on decision to cut 11,000 jobs * Disney sees biggest one-day drop since 2001 after report * Indexes: S&P 500 -2.08%, Nasdaq -2.48%, Dow -1.95% Nov 9 (Reuters) - Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes. Republicans were still favored to win control of the House of Representatives but key races were too close to call, with a better-than-expected showing by Democrats diminishing the prospect of a so-called red wave of Republican gains. "What was
@moonradiance:$Rivian Automotive, Inc.(RIVN)$ stocks not yet bottom. It's blood bath for 2nd quarter of year. Nothing has gone to positive side in terms of economics. Inflation still very high and higher interest rate not helping either. Recession looming in the very corner. Market will take least several years to recover when it crash. Most stocks especially tech and EVs will be harder hit. Don't expect and upward swing.Not the time to buy stocks.
@RgSFO:$Tiger Brokers(TIGR)$ Today FUTU an Hong Kong based online brokerage and wealth management company announced its Q3 earnings- 86% revenue growth and 136% net income growth YoY. I am expecting another great Q3 numbers from TIGR as well. The stock dropped back 200ma as market selloff continued. I am still holding January 10 calls. I am thinking that market will stabilize or find a floor in 1-2 weeks, and rally again till the end of this year, if we don't get hit with any political or federal reserve surprises. Market sell offs gives opportunities to buy the best stocks at great discount and profit hugely from it. Happy Trading.