The Federal Reserve continues raising interest rates. Inflation in food, energy, and others remains high. This leaves stocks and crypto at a critical juncture. They might move higher, they might move lower, the signs are unclear.
If you are trading the markets, sidewise markets are the most dangerous. Every move higher, every move lower, the fear of missing out will come out. It’s easy to get whipsawed. Historically, one third of the time, markets consolidate. Sometimes that sideways action happens for years.
How is Tesla doing?
Tesla seems to be correlated with overall markets. You can’t expect Tesla to bounce for long unless the overall markets move.
Sincerely yours,
smilingdad
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