Stock Market Today: Boring Stock Markets

February 27, 2023, 6:38 pm EST

Boring Stock Markets

The stock market was quiet last Friday and today. However, it is important to note that all major indexes were below their short-term trend (20 day-moving-average). Dow Jones is also below its medium trend line (50 day-moving-average). 

The boring stock market is also a signal for market participants to stay calm rather than active trading. Because the lack of leadership and emerging stocks mean that the chance to make profitable traders become unlikely. 

Our portfolio has Mosaic (MOS) which emerged in mid-February when we got into it. The material sector is our favorite sector for 2023 and it seems like upside potential is still available. 

Other than that, Nvidia (NVDA) led the technology sector to score high because of its AI chips. 

Otherwise, the overall market does not show many spotlights. Having high inflation and military confrontation between two camps: US-Ukraine-Europe and Russia-China-Iran, it would be wise to stay conservative in handling the portfolio.

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