Ukraine …Russia….Ukraine…. US…….Nonstop news coverage and a whole bunch of speculation caused Volatility to shoot high. This Geopolitical Drama sent U.S. equity markets into a fall. Lot of investors big and small (including yours truly !!!) pulled some of my money out of stocks. For the first time in a trading life, I am considering the less fancy gold and Bonds. The net is that all the top indices including DOW and S&P 500 closed lower from when they started last week. Some of my best wins are when I stayed of the court!….Lol
To be honest, I do not expect this coming week after today (Presidents Day) to be any different. As much as its feels crazy, I want everyone to still pay close attention to the market and get prepared for the interest hikes in March. War or not. I do not expect the Fed to back off. Interest rates hikes are coming. Infact I have been pushing my parents to lock in interest rates this week.
Some big companies will announce their quarterly results this week. Stay close to these
Home Depot: Solid Company
Coinbase: Huge fan of this company!
Moderna: Love this company…They saved the world!!!
eBay: They are better start innovating fast or they will be gone!