Will the old stock market adage of sell in May and go away be appropriate this year?
Earnings season started this week with 7% of the S&P Companies reporting. Of those reporting so far, 77% have beaten their earnings estimates for the prior quarter, and 80% reported exceeding revenue estimates.
However, in a volatile week of trading, geopolitical tensions increased as Russia threatened to deploy missiles near Europe, and a mixed bag of earnings on the last day of the shortened trading week sent all three major indexes into a loss for the week.
This week’s video reviews the current market performance and what can reasonably be expected for the upcoming week of trading.
In addition, as a follow on from last week’s discussion on growth vs value stocks I will review the current performance of the ARKK ETF.
ARKK is a strong representation of growth stocks and is down over 60% from a price high near $160, what can be reasonably expected looking at the chart?
I hope this helps, please like, share, and subscribe.
Holding only stocks that are in favor and avoiding the rest is an easy method to improve your trading and investing results.
Comments are always welcome.
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