GXO - The Market Has Already Discounted The Fed's .25% Rate Raise And Ukraine - Prepare For A Bounce
- Even though futures show that our indexes will be way down, I'm buying tomorrow.
- I believe the market has over-discounted the bad news and has left no room for any good news. This sets up for an emerging spate of optimism.
- I still favor the tech names even more now that some of the best names are down hard, many down 70%.
- If the Fed is raising rates to slow the economy and push back on consumption - that will favor secular growers like tech anyway.
- Oil stocks have excellent properties for trading, for the most part, the E&P names can be traded by working off of the commodity. As WTI moves toward 100 I will look to sell. If WTI retreats to the low 90s I will start buying it back.
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The Market Has Already Discounted The Fed's .25% Rate Raise And Ukraine - Prepare For A Bounce