Well, I was happy to see a little bounce back above my buy-in price. Tomorrow.. will see. So with all I've been reading, I have read or seen on FBN, it appears that the LargeDrop in Nasdaq last week was due to traders/investors moving from Tech Stocks to Financial/Bank Stocks. Some have described it as moving from Growth to Value stocks.
It would appear that with bill passing house last week to get rid of (some?) regulations under Dodd/Frank and Fed Rates increasing (possibly tomorrow or later this year), the stage is set for financial stocks to do better long term due to easing of regulations. Obviously, Dodd-Frank change bill still needs to go to the Senate and probably through some type of reconciliation but there is movement in that direction and I have read that the Administration does have the ability to ease/change many regulations without new legislation. Time will tell what happens///
AS for a possible rate hike by Fed Reserve tomorrow, I should think that if there is no rate hike, the market will not like that (opposite of prior thinking during monetary easing periods thinking...????/// I don't know... do I have that backwards? I understand there is more concern about balance sheet being unwound. https://www.reuters.com/article/us-u...-idUSKBN1940E4
. So, grab your seat! Sticky pants fully deployed!
Best Wishes to everyone !!!!!!!!
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