167 points nasdaq lost. 52 do you use this weakness to take a swing . Or do you recognize we are up so much that it is too late to take a profit or it is not too late it is hard to figure but lets do it together lets figure together. You have been waiting for a pullback to do some buying i am going to right now, this is your moment i think we can get through it okay i bet there will be some damage and you know what, that damage is your first chance for longterm investors to buy into weakness this year and i am telling you, i want you to take it i am recommending any additional pullback to put money in an index fund that mirrors the market i would put a little bit each day. This is a full crom week when we get a dip, that is your chance to put retirement money to work. We have had a market that is going straight up. I dont think the odds favor another leg up at this moment. We are far more vulnerable to let down not that we are coming into this morning session because selling begets sel
Facebook, the amazon, the netflix and google, now alphabet i get that, too. Theyre whats called a crowded trade meaning anyone whos anyone seems to own them, right . On a day where the averages meander with the dow dipping 15 points, s p backsliding 1. 2 and the tech domain that is the nasdaq declining for 4. 7 , you know what, it might be worth remembering why we used to like tech in the first place and why despite what you see and hear maybe you shouldnt give up on it so easily as so many are doing right now. Let me give you some context despite the fact that so many people are worried about the valuations of Technology Stocks the house of pain you need to look at what else is out there to see why tech is maybe a little more special than you think. Why dont we start with nike i love the company thats nike i shot clock shoe dog, the autobiography of the person who founded nike is unbelievable its an unbelievable story how a Little Company from the great state of oregon took on all the
Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But
Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But
Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But