The market gained a lot of ground after the election result - mainly because there is a lot less uncertainty around the political environment
However, inflation was slightly higher than expected and Fed announced that they are not in a rush to lower interest rates. Hence the market went down last week.
For the next 3 weeks, I am still bullish on the overall market and will continue to hold the positions.
I forecast that the trend should resume and we haven't seen the final top for 2024.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
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