DOW JONES CLOSES ABOVE 50K FOR THE FIRST TIME
It's been an incredibly emotional week for investors with many stocks still down 20-30% from their highs, but a 2% move on the S&P to end the week flat and the Dow hitting 50K was a small level of relief after a very ugly week.Now, the 2 part question still remains...1.) Was the temper tantrum from the markets this week actually rooted in something deeper that will result in more pain?2.) Was last night actually the bottom?Time will tell, but it was nice to see some level of relief today across all sectors.I personally bought the dip on $Meta Platforms(META.US) (round trip from earnings) $Amazon(AMZN.US) (did not deserve a 10% decline even with high capex) and initiated a small position in $AMD(AMD.US) (16% EPS beat did not warrant a 25% decline after guiding for 35% FY growth)Casino closed for the weekend!Source: amit
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