Nasdaq Pullback is a Buying Opporunity
Everything looks good for an economic acceleration. The only trouble may be things ahead of us, like the cuts to unemployment benefits and the debt ceiling impasse.
I'm actually not really that worried about UE cuts due to the other factors I mentioned earlier, i.e. increased food stamp and SS payments.
However, the debt ceiling could still be an issue.
Market may have peaked earlier this month, but we could still see a market bounce back close to the highs. By then, we may have new flows data for September, and that will give us an idea of what the forward picture will look like.
Continue buying dips for now.
I'm actually not really that worried about UE cuts due to the other factors I mentioned earlier, i.e. increased food stamp and SS payments.
However, the debt ceiling could still be an issue.
Market may have peaked earlier this month, but we could still see a market bounce back close to the highs. By then, we may have new flows data for September, and that will give us an idea of what the forward picture will look like.
Continue buying dips for now.