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💰 What is the S&P 500?
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the performance of 500 of the largest companies listed on the stock exchanges in the United States. 🇺🇸
🫨 What happened recently? 🫨
The S&P 500 has risen >20% from its recent lows.
Hence, S&P 500 is offically deemed to be in its bull market. 🐂
How do we determine a bull market? 🎯
By definition:
A bull marker is a situation in which stock prices rise by 20% or more from recent lows! ⬇️
⚠️ What are risks in the market now? ⚠️
1. Overconfidence and FOMO 🙀
During a bull market, people may feel FOMO. More often than not, “During a bull market, everyone is a genius.”
2. Impact of Interest Rates and Inflation 👆🏻
The repercussions of high interest and inflation rate environment previously, has yet to cayse a huge recession. Hence, this is hugely concerning 🥲
How we think will pan out? 🤔🤔
In the near term, we feel that in the next couple of weeks/months, the prices of these stocks will be consolidating as the price has a huge spike in the previous weeks! 📈
In the long-run, we foresee the market continue to rise if there are no fundamental changes in the economic environment! 🏪
#Adulting101 #investing #AfterHours #sidehustle #sideincome