Stock Market News: Stock Market Review, March 25th, 2019
Market-seeking direction after Fed announced no more rate hike this year
Last week market seemed to be fatigue on uptrend, as the market lack of catalyst until Fed minutes.
Fed announced that no more rate hike expected this year.
It is now unclear how market will react to this news, as this could signal market is not as strong as expected, but market may also expect this would drive market further.
Last week pick updates
Our Pick for 18 March 2019
- SEIC, long (higher risk)
- MNST, long
On SEIC case, it is a lost.
On MNST case, it is a loss as MNST was downgraded.
Current market lack of direction.
With so much delay on US-China trade talk, market is getting impatient.
While market is expecting a positive outcome, it is taking too long to conclude.
We are trading cautiously now, with more focus on headlines.
Currently, our view is market is now seeking direction, and it is now a higher risk market.
Our pick for 25th March 2019
- No Pick
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Till next week,