Global economy to grow after China’s reopening

Wall Street rose on Friday 

Friday was the last trading day because the market has been closed yesterday for Martin Luther King Day.

All three major indexes have closed in profit.

The S&P 500 closed at +0.40%, the Nasdaq ended the trading session at +0.71% and the Dow Jones closed at +0.33%.

The US stock market finished positive for the week because the big banks reported good earnings.

JPMorgan Chase said profit was up by 6% in the last quarter of 2022 and its stock has risen 2.5%.

China’s reopening

China is reopening and that could lead to a significant boost for the world economy.

People in China, for the first time since the beginning of the pandemic, are allowed to travel internationally.

The services sectors are going to be the ones that have the most positive impact on global economic growth because people will travel for education and tourism.

The aviation sector will also be affected by more travel demand.

Sentiment Indicator – Fear & Greed Index

The market sentiment is at 63 in the “Greed” mode.

The investor sentiment has changed in the last few days from Neutral to Greed following the CPI data.

FedWatch Tool – FED rates probabilities



91.2% of investors are expecting the FED to increase the interest rates by 0.25% at the next meeting.

The remaining 8.8% are expecting a 0.50% rate increase.

The number of investors expecting a rate increase of 0.25% is increasing on daily basis.

No other options are considered at this time.

The next FED meeting is on 1 February 2023.

Portfolio Update

I am monitoring the short positions on stocks and ETFs and I will act accordingly.

This will allow my portfolio to make a profit if the market drops.

The fundamentals remain bearish, so I am neutral at the moment, based on the current FED monetary policy.

However, I am aiming to make a profit regardless of the market direction.

If you are already copying my portfolio, please keep the copy open.

If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).

Remember to copy the open trades to optimize the copy.

Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.

Thank you, everyone. Have a nice day!

Steps to follow to copy my portfolio automatically:

1. Create an eToro account here: https://federicamontella.com/go/etoro/

2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)

3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/

4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)

5. Enjoy, it’s all automatic. You will make passive income 24/7

Let me know if you have any questions.

 

Federica Montella

eToro Popular Investor

 

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Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.