Trade Findings and Adjustments 05-26-22
Keve Bybee – keve@hurleyinvestments.com
QQQ – Wish I had thought to protect when it was falling from 320!
BUT… The market was telling us that there was some significant support at the -20% down level which is where it bounced in 2020.
Will we change course if our economy falls into a recession?
- We will take things 1 day at a time and not try to outguess where things are going to go.
- The consumer has still been very strong and is an enormous part of our GDP
- The reason for the market fall after bad TGT and WMT earnings was because those retail stocks made it seem like the consumers are starting to struggle.
The reality is that consumer spending has shifted from wants more to needs as prices on things have risen so much.
