Shesa's October/November 2022 Investment Blog
OCT/NOV 2022 - INVESTMENT BLOG By Shesa Nayak Welcome to the 9th anniversary of my investment blog! U.S. Stock Market Commentary The stock market has been on a roller coaster. We did experience a stormy September followed by best month for the Dow Jones since 1976 and best October ever. The key reason for this was that many DOW companies came with solid earnings, particularly energy, financials, industrial sector. However, technology stock index Nasdaq has been the laggard. The primary reason is that many technology titans have reported lackluster earnings - Google missed, Microsoft beat but poor guidance, Apple, Amazon missed, Meta was a disaster, Apple came with good earnings but provided no guidance. Hence, we are seeing mixed earnings reports - some of them are good, some of them are bad. Strong U.S dollar and inflation is eating the revenue and profits of many big corporations and that has tormented the technology stocks. The ever increasing interest rate, haw...