Good Afternoon HDO FamilyThe market indexes are falling due to the likely collapse of Evergrande in China, which might have a material impact on the Chinese economy. Evergrande is the largest real estate company in China, and is expected to default on over $300 billion in debt. The US market is responding with a widespread sell-off of almost everything. Most of our picks are holding up better than the broader market, but in such a wide-scale sell-off nothing is spared. Market DirectionTo use a word that has become vogue, we expect this dip to be transient.
Market Outlook: More Good News To Fuel Equities HigherSummary-The summer season is over. Investors and traders will be back in full force in September.-This summer has been extremely resilient, with the markets seeing new highs almost on a weekly basis.-Bad news was shrugged off, and investors kept buying each and every dip.-With the new employment report being weak, the Fed is likely to remain dovish. More great news for equities!-This great bull market is on, and it is one of the best times to be invested!Market Outlook: More Good News To Fuel Equities HigherWe are at the end of the summer season when investors and traders get back from their vacations.
by Rida Morwa -
2 years ago
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