To The Moon

Investors had a respite in the last 2 weeks as US stocks staged a much needed gain - S&P 500 was up 10% from the low. NASDAQ did even better with a 12% gain.Is the worst over? If one has been sitting on cash, is this the time to go in?This is a common question I get. But let me first explain my view about the recent rally before I answer the question.The bull market has already ended months ago. The good times are over no matter what angles we look at. In terms of the economy, easy money has been replaced by quantitative tightening. Interest rate has been rising with inflation and recession is looming.In terms of fundamentals, companies are showing slowing growth rates and some management have lowered their guidance for the year.In terms of technical analysis, the death crosses have al

7月30日，美股開盤，道指低開約70點，熱門中概股全線下跌， 亞馬遜跌超7%，第二季度營收、第三季度指引均低於市場預期，且因違反數據隱私法規被歐盟處以創紀錄的8.88億美元罰款。 Pinterest開跌17.3%，第二季度月活數低於預期，遭多家大行下調目標價。