Welcome to the Extreme Investor Network Blog!
As experts in the Stock Market, trading, and Wall Street, we are here to provide you with valuable insights and analysis to help you stay ahead of the game. Today, we are looking at the current market sentiment and what it means for investors.
With the sentiment improving, there is speculation that the market may be entering an upward correction, consolidation, or even a reversal. While it may just be a correction following recent declines, a bullish scenario cannot be completely ruled out. Keep an eye out for upcoming earnings releases in the next two weeks, including reports from companies like GOOG and TSLA.
Our speculative short position in the S&P 500 futures contract, opened on July 9, has proven to be profitable. This highlights the importance of staying informed and making strategic investment decisions.
Looking at our stock price forecast for July, we see that investors are factoring in the Fed’s monetary policy easing, which may prevent a medium-term downward reversal. However, the recent rally may signal a short-term correction on the horizon.
For now, our short-term outlook remains bearish, but we are constantly monitoring the market for any potential shifts in direction.
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