- 7 March 2023
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Almost a flat day for Wall Street
On Monday, only the Nasdaq, among the big three US indexes, finished slightly in negative while the other two registered a small profit.
The S&P 500 finished at +0.07%, the Nasdaq ended the trading session at -0.11% and the Dow Jones closed at +0.12%.
The investors’ sentiment is neutral, as indicated in the graph below:
Sentiment indicator – Fear & Greed Index
The market sentiment is 54, in “Neutral” mode. It changed from Greed to Neutral in one week.
Meta is planning for layoffs
This week, Meta Platforms will announce the cut of thousands of jobs, accordingly to Bloomberg.
The reason behind this decision is to become more efficient.
In November, the social network company, have already eliminated 11,000 employees.
The US Federal Reserve president Jerome Powell is scheduled to speak at the Congress on Capitol Hill today at 15:00 GMT.
Investors will be watching closely the comments of Mr Powell to understand what will be the next action of the Federal Reserve to fight inflation, considering the latest strong economic data.
The actual narrative is that the Federal Reserve needs to hike the interest rates higher than expected and for a longer period than previously announced.
Markets are going to be impacted, so there may be volatility.
I am currently neutral and cautious about the stock market.
I hold long and short stock positions and aim to 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.
eToro Popular Investor