Stock Market Updates and PLUG power earnings update
STOCK MARKET UPDATE - 5|9|22 The stock market is in turmoil. No new news but Inflation, interest rate, possible economy slowdown are rattling the market. Nasdaq has been falling like a rock. During my investment career, I have seen such move a few times - 2000 .com burst, 2008-09 financial crisis, 2018 December, 2020 March (COVID) and now in April/May 2022. S&P 500 closed below its 4000 level and that’s not a great sign. It’s hard to digest, particularly technology stocks are one of their worst time probably since those .com days! During COVID stock market went down fast but regained quickly as Fed stepped in. But now Fed has stepped out, they are increasing interest rate and start reducing asset buying program. So, what is the strategy? Well, whe...