The market seems to be in a sideways pattern at the moment, peaking at 2450 on the S&P and now having a mini-correction in the nasdaq, money seems to be temporarily flowing out of the tech sector into banks and so on. What am i thinking? Well, i am guessing we’re going to chop a lot for the next few months, i expect earnings to be good ( bullish ) but then i expect the FED to finally start to unwind……so in total simpleton terms, as i don’t understand every nuance about it, if we had 9 years of the market going up with easy monetary policy, what happens when they start to ease off the gas? Well, i expect more sideways to slightly down action, more volatility ….so we’ll see if that turns out to be true.
In the meantime, dividends, this month i pulled in $2066.08, this is almost double what i did last June, the dividend machine keeps going for now, not a bad effort but still a long way to go on my goals.
I hope you had a healthy month of investing and trading