Tweet driven market · Invest & Retire Community

Eric Seto

23d (edited) • General discussion

Tweet driven market

As Iran and Donald Trump tweeting back and forth, the stock market has become a tweet driven market

Oil price has been ranging from $109 to $115 simply because investors / funds are getting updates through tweets

Donald said there's a 48 hours deadline for Iran to surrender

Iran said there's a 48 hour deadline for US to surrender

The back and forth between NY working hours and Iran working hours is causing most of the intra week swings

This means the market will likely take some time to form a bottom instead of going up immediately

This is within our expectation as usually large drops take some time for funds to buy in instead of a V shape recovery where funds are piling in cash immediately.

The current Iran-US conflict will likely drag out and lead to a slower recovery.

Cheers,

Eric

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Eric Seto

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