After failing to decisively break through its 200 day moving average TWICE since November 30th, coupled with a couple brutal beatings last week, this market is still willing and able to ravage the bulls. Let’s see what this week brings, but with a p/e near 20 and Jay Powell repeatedly ELI5ing to the market that a pivot is the last thing on his mind (most likely to avoid the mistakes of the 1970s (i.e. easing up too soon)), the market is hardly a screaming buy right now.
Tesla market cap cut in half
Tesla market cap cut in half
Tesla market cap cut in half
After failing to decisively break through its 200 day moving average TWICE since November 30th, coupled with a couple brutal beatings last week, this market is still willing and able to ravage the bulls. Let’s see what this week brings, but with a p/e near 20 and Jay Powell repeatedly ELI5ing to the market that a pivot is the last thing on his mind (most likely to avoid the mistakes of the 1970s (i.e. easing up too soon)), the market is hardly a screaming buy right now.