Last weeks market action was interesting to many because it definitely wasn’t expected. I have heard many different theories as to why the market reversed on hawkish Fed commentary, many of which are compelling. However, in this case, I believe the most simple answer is likely the explanation.
Following the Fed meeting it was very bullish and we are all asking the same question, “was that market bottom?”
In this publication, I will discuss briefly why the market made that move and what indicators to look for moving forward for further confirmation of a bottom or potential reversal downward. In addition, we have to talk about DLocal and SentinelOne’s latest earnings release. There are a few key take away’s from two of my favorite stocks. I believe this reading will help you answer a key question you may have: “are they a buy now?”
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