FOMC Update
There was a minor red last night after FOMC meeting – no crash yet but FED still raise rate by 50 basis points, taking the borrowing rate to a targeted range between 4.25% and 4.5%, the highest level in 15 years. 2023 Terminal rate = 5.1% (5.0%-5.25%)
Higher Debts Instruments
Those holding higher Debts instruments such as Reits or company that is highly geared should still be careful. Now is the market bear rally thinking FED will pivot. CPI now is 7.1% but the terminal rate is 2%, very far from now.
I think the real picture will come during the next report seasons – we will see how far the interest affects the earnings of the companies. As saying goes, its only when the tide goes out, then we will see who swimming is naked.
Quite likely the rate hikes etc won’t affect the market much as of now, but the earnings or any sudden black swan (collapse of big companies due to poor earnings in recessions etc or any unexpected events) might. Do be careful and plan well.
Technical Points of view
From TA point of view, S&P 500 possible upside to test 4300 first or sell off to break below 3500. Daily chart shows higher highs and higher low whereas weekly charts show lower highs and lower lows.
Crypto Updates
There are lots of FUDs information about Binance for the past few days. Quite likely this will make Binance stronger, showing that they can make it through the current stress test. However, for those who are concern/worry, do consider putting your coins in hard wallet. Ultimately, not your wallet, not your coins.
Conclusion
In my view, market will come down, but the question is when. My sense is that it will be soon. Plan and pace your buy, keep your job, lock up your emergency funds somewhere in high yielding accounts, SSB, treasury yields, MMF etc.
Remember to only buy companies/cryptos that pass your sleep test. Stay safe everyone!
Good articles that you should read!
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CAREYOURPRESENT
Money just buy you the chance of freedom.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.
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We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
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- The Best Advice to Parents and Child
- What if Later never come?
- What will you bring with you on your last day on Earth?
- Time is the ultimate currency, not money
- Our Life only have 5 short Days – we should live the best for every day
- Truly understand Living in the Moment now
- 11 Important Unexpected Life and Money lessons to learn from Your Children
- The days are long but the years are short
- Ditch your mobile phone to build real life
- Careyourpresent: Time is the most important
- Careyourpresent: What is your purpose of life?
- Careyourpresent : Greatest Regrets in life
- Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
- Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
- Careyourpresent : Why is Gold useful?
- Careyourpresent: Frozen. Let it go!
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REMEMBER:
Love your life daily.
You have one less day with your spouse, parents, children and yourself.
Time is ticking away.
For each passing day,
Enjoy and Treasure your Life!
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