Market Update Newsletter Sep 28

Markets closed slightly higher yesterday with the DOW being the exception. The market is driven by fear and insecurity.

Earnings season is fast approaching, meanwhile we are waiting see how fast the Federal reserve will raise rates. This contributes to a fearful market that can quickly feel oversold. This is a good time to accumulate positions in quality stocks on the way down. Become an actual Punkrock Capitalist to know which stocks I am buying, selling, and holding!

UAW strike is set to expand. Not surprising, giving that Snifffer in Chief went to the picket line with strikers! Signaling the unions that whatever demand they had was justified and that every offer already provided by automakers is insufficient. Next stop, auto industry bailout 2.0! But this time its intentional.

Meta (META) is really not backing down from the hot fever dream which is the Metaverse. Seems like we will be plunged headfirst into a world on non-fungible assets and muscle deterioration if we want it or not. Just think the future Axiom humans from the movie Wall-E. The future is bright! Anyway, the stock has been quite on a tear this year and I honestly don't think much can pull it down. That's besides the "normal" volatility of a tech stock in the current market, so proceed with care, wait for a dip.

Happy Investing!

The Punkrock Capitaist