November 17, 2022, 6:32 pm EST
Low Activities
The stock market has been quiet for the past five trading days. Both volume and price movements stayed at minimal levels after DJIA reached about a one-month high on nearly 18% gains.
We keep our portfolio unchanged with compositions in the following areas:
- Defense
- Energy
- Material
- Pharmaceuticals
- Financial
Today, we noticed some strengths in the renewable energy equipment that may be worth attention:
- First Solar (FSLR): +4%
- Solar Edge Technologies Inc (SEDG): +3%
- Enphase Energy (ENPH): +3%
- Sunrun Inc (RUN): +2%
The stock market prepares for its next move after digesting inflation effects. We believe that the inflation threat is still there and will stay there for months. Therefore, even though Fed decides to slow down the rate hike actions, it would be difficult to avoid the recession and a much worse job market shrink.
Therefore, it is better to stay sensitive and conservative during this period.
