I believe the market is entering a valuation test, not an economic crisis.
The 165,000 jobs added in October show resilience. However, stronger employment gives the Fed less reason to ease monetary policy. With December rate hike expectations approaching 80%, investors must reconsider what future growth is worth.
Tomorrow's CPI matters, but I wouldn't base an entire strategy on one inflation reading.
The bigger question is whether corporate earnings can justify current valuations. Companies with strong free cash flow, manageable debt and pricing power should be better positioned than businesses dependent on cheap financing.
My strategy is selective accumulation, not blindly buying every dip. Higher rates may compress valuations, but they also reveal which businesses genuinely deserve their premium.
@Tiger_comments [暗中观察]
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