We continue to go down in full force and technology stocks are one total disaster. Fear of pockets of recession continue to grow in the market and, while disappointment over the Fed didn't help, that's just an excuse to sell.
We continue to go down in full force and technology stocks are one total disaster. Fear of pockets of recession continue to grow in the market and, while disappointment over the Fed didn't help, that's just an excuse to sell.
The Fed's choice to hold rates steady was no big surprise. People may have been using that as an excuse to sell at the top of a trading range, ... And we're probably going to be in a bit of a trading range until we get some new economic data that makes people want to move one way or the other.
Cisco is the excuse today (Thursday) for the pullback, but we're also entering a period of reflection after the recent rally. I think we could see a 3 to 4 percent drop over the next few sessions, before we get back on track.
© 2020 Inspirational Stories
© 2020 Inspirational Stories