Also should reiterate, my reply above to CEOD again... about the comparison to the 2022 sums up my thinking.
I think this is going to be another bad year (THE BIG ONE ) if Trump keeps his "I'm not looking at the stock market" stance and continues his tariff and battle with other countries.
So if it's similar to the 2022, it will be a long drawn out pullback with many smaller rallies within it. Check out the 2022 chart. 3 big rallies within it. Everyone thought it was a buy the dip moment during those 3 rallies, only to get smashed back down again.
No new good news has come out to be positive today. Don't see any rally lasting long unless DT makes a big announcment. I think this pullback in both Zip and global markets can go on all year.
Hope to see Nasdaq at 16000 by the time a Santa Rally starts. 16000 is a big ask and I'm not so sure it will go that far but I'm on alert to ride all the mini rallies whenever possible.
ZIP Price at posting:
$1.97 Sentiment: None Disclosure: Not Held
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