Well, actually my stocks are doing a little better than three-to-one. Just checked my portfolio and the positions I hold are up 7.77% from yesterday. Compare that to the S&P 500 this morning at 11:55AM EDT.
It’s true that there are signs of life on the Nasdaq, but my biggest gainer of the day is not a tech stock. Energy drink Celsius (CELH) is up more than 17% today, based on strong first-quarter revenue results reported earlier in the week. Overall, the sudden surge of vitality in the market can be traced to the Fed’s path of moderation when it comes to rate hikes. Will these be enough to curb inflation?
Only time will tell. But in the meantime, I’m not complaining.
Happy Friday the Thirteenth! Lucky for some.
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Lotus Rose is not a registered investment, legal or tax advisor or a broker/dealer. All investment and financial opinions expressed on Lotus Trader are from the personal research and experience of the owner of this newsletter and intended for educational and informational purposes only. Although every effort is made to ensure that all information is accurate and up-to-date, occasional unintentional errors may occur.