Shesa's MAY 2024 Investment Blog
By Shesa Nayak U.S. Stock Market Update It was a painful April for the investors in the first three weeks. Nasdaq reached near the correction territory of -10% and S&P 500 pulled-back about -6% . Many tech stocks got hammered and particularly semiconductor sector was decimated. The AI darling NVIDIA lost more than $200 in a couple of weeks. The stock market has been extremely unpredictable as stronger economic reports raising concern about inflation/re-inflation, Federal Reserve hawkishness, treasury yields , Geopolitical situation and so on. The market got hammered and retail investors got smacked. Unfortunately, that’s the name of the game. If we are in the stock market then we have to accept it as a fact and move on. Otherwise better to stay out of the market. Currently, we see a strong economy with a strong consumer driving the U.S economy. Investors are apprehensive that there won’t be many rate cuts as they perceived . I will share my opinion later. Having sa...