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After what was another tumultuous week we ended up a little bit. investor confidence is being bolstered by the fed and the reality is interest rates will not rise 750 basis points the highest we're going to get at a time it looks like it's 500 basis points.
After six solid weeks of sell-offs the NASDAQ and the S&P 500 ended up slightly higher it appears in investors are digesting that interest rates are going to rise.
Shortages and potential diesel fuel price increases are causing uncertainty in the economy and this is dragging down the markets. The news focused on the baby formula shortages but there were so many other shortages that were causing market turmoil that was really a rough week. Markets hate uncertainty and global instability is not adding any positive information to the market as well.
I'm glad that I bought some of the dip of the market but I'm holding back due to the uncertainty now is the time to exercise caution and buy solid stocks. I haven't did backed into the cryptocurrency markets as of yet Bitcoin is going between $29,000 and 30,000 USD and I'm looking for an entry point closer to 20,000 USD. The lunar crash has made many more Bitcoin maximalist a lot of people are realizing that many altcoins may be on shaky ground.
After the Luna crash the cryptocurrency market look bleak but Friday shouldn't uptick an overall prices Bitcoin Rose above 30,000 USD and a lot of the other major altcoins showed market improvement. My advice to everyone is to watch their favorite stocks and cryptocurrency projects and to not overextend themselves or put money in that they could afford to lose right now it's a kind of gambling in many markets. I am looking at emerging markets as a place for income and growth.
Posted on Hive and Steemit