The Fed meeting was a success! The Fed was able to pull off not doing anything and make us feel comfortable enough to continue to put money in the stock market. While we sold down off the opening remarks. The markets rallied into the close. Technology bounced after a steep sell-off presenting some buying opportunities in some names, especially in semiconductors. NVDA had a 15 point swing in ten minutes. I expect to see financials continue to rally. Future multiple rate hikes are not in the banking stocks. Note the reversal in the XLF and bigger name stocks. Regional banks will benefit the most.
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As always all investment decisions need to be made by the individual. We all have different risk profiles.No two people trade the same. Understand the buy points, stop losses, trims are suggestions. You need to develop your own process. I am willing to help. If you have questions message me. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.
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