Nelson- this market is no good for traders
I mean it seems AI is again almost the entire reason for the recent rally. Yet all companies in the sector are showing slowing growth, both in revenues and earnings going forward. Not to mention that the tech stocks are back to near all time highs, and pretty much scoffing off any affect of tariffs to come- totally irrational. At the same time, it seems you can't make out on many other sectors, and can't rely on great reports and strong guidance to boost stock prices. I mean it freaks me out that every single stock I've bought for the last six months or so, goes down no matter what. KINS and CRMD are the two latest examples, but it's happened 100% of the time, and cost Wadegarret portfolio over 70% this year ! Obviously there are sophisticated software programs that are causing short term traders lots of grief. Hard for me to believe, the stocks I pick are the ONLY ones that are acting highly irrational.
At the same time, you can't short the market, as Trump can change his mind at any time about anything, which causes massive swings in the market on a dime. Although as the Nasdaq keeps rising, it surely is getting tempting to short again, as tech stocks are totally ignoring both the slowdown in business going forward, plus whatever tariffs to come that will cause additional costs.