Stock Market Recap | July 3rd, 2023
Stocks rallied off of the prior week’s decline, proving once again that amateur investors who took profits at lower prices the prior week were wrong to do so (again).
Amateur investors are notoriously bad at market timing, because they either lack a consistent trading strategy altogether, or follow a strategy that works so infrequently that they do not have a profit-making edge, in which case they fall back on emotional decision-making, which is certain to produce poor results.
The week saw mostly good news – earnings, manufacturing activity, housing starts, etc., that for the moment offset concerns about an impending commercial real estate collapse. Investors for now are cautiously optimistic that the economy might avoid a calamitous recession.
We were correct to hold our long positions, as our analytics had suggested, as many of our long gains increased. Short positions were mixed.
The second quarter of 2023 has proved to be a profitable period for us as stock prices finally moved in a consistent direction for weeks at a time (mostly upward) after a lackluster first quarter in which prices were choppy and/or stagnant. Would be nice to see more of this price movement consistency continue throughout the summer.
-
2:19
Stock Trader Advisory
11 months agoStock Market Recap | July 10th, 2023
4 -
2:31
Stock Trader Advisory
10 months agoStock Market Recap | July 30th, 2023
3 -
10:20
Petes Investing
2 years agoStocks this week Down then Recover July 24 2021
67 -
17:43
Technical FX
10 months agoForex Market Breakdown - 23rd July 2023
1 -
11:21
Top Dog Trading
7 months agoStock Market Crash 2023 part 2
6 -
12:35
Scholar Trading
1 year agoStock Market Review - April 29 2023
-
14:13
CasualMarkets
2 years ago $0.01 earnedDaily Stock Market Overview July 7, 2021
32 -
18:02
Technical FX
11 months agoForex Market Breakdown - 9th July 2023
2 -
24:40
Figuring Out Money
3 years agoWILL THE STOCK MARKET RALLY IN APRIL 2021?
4 -
9:59
MarkYegge
2 months ago $0.01 earnedWeekly Stock Market Report April 19, 2024
27