The large technology stocks of the magnificent seven encountered a particularly bad day. Tesla was one of the worst-performing stocks in the S&P 500, closing down over 8%. Amazon fell over 4%, Apple dropped about 2%, and Microsoft decreased over 3%. The stock prices of Facebook's parent company Meta and Google's parent company Alphabet both fell over 3%.
In life, work, and investment, don't make it too complicated. Buying high and selling low is the simplest principle of investing, and even 90% of professional traders on Wall Street cannot achieve this. Therefore, most traders cannot outperform the US stock market index. Even Buffett barely beats the index. Several tech giants led by Tesla surged wildly a few days ago, and a few rational investors reduced their positions at high levels, waiting to gradually buy in when the crash occurs.
The Federal Reserve's interest rate cuts turned directly from positive to negative. The US stock market plunged. In fact, this is just a means for Wall Street sharks to harvest retail investors. All news releases are meant to confuse the retail investors into buying at high levels. The pullback in the US stock market is considered a normal correction and has not resulted in a systemic crash. It also prepares for Trump's rise to power, allowing the US stock market to rise and explode again after a deep squat. Otherwise, how can we demonstrate Trump's brilliance?
Currently, in the cryptocurrency circle, we should be at a point of correction and fluctuation this month. There is no need to panic; all pullbacks are the times to consider entering the market. A surge is not a reason to buy; a sharp decline is. At present, it is recommended to buy in batches during the pullback instead of cutting losses and leaving the market.
With Trump in power, the good news keeps coming. The price of BTC will definitely break $150,000 within 3-5 months. This month's pullback should be our last opportunity to buy at the bottom in the mid-phase. In the future, we only need to hold coins and wait for a rise, welcoming another one-sided surge, and at the peak of the bull market, we will sell, marking the end of this bull market.
