20230204
Nothing to say today...
Well, maybe something about the stock market. The stock rally stopped briefly, and the analysts are starting to say it might be a good time to sell some of the profits we've made since January. The labor market is still extremely strong - which makes cutting the rates even more unlikely. FED mentioned deflation several times, but when the actual data says service inflation is still strong, they probably won't pivot that soon. Some say timing the market and trying to predict the macro economy is just not worth it. So we need to analyze the fundamentals of a good, profitable company instead, and just buy it when it becomes too cheap. It sounds so easy yet it is so hard. I mean the big techs are certainly at the 'cheap' moment imo, but bad earnings and bad sentiment might lead to even more drastic selloffs - should I sell some of the stocks now or wait? History tells me I should just hold, but it feels super hard to do so. Damn. I'm definitely not a good investor.
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