S&P 500: Current Dip Is Another Buying Opportunity

Stocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com

Powell said rates are not too high and the Fed could continue raising rates if economic activity is too strong to allow inflation to continue cooling.

Regardless, I trade the market, not my opinion. That means I got dumped out of my long trade early Wednesday, when the market slipped under my trailing, stops near last week’s lows. Monday’s partial trade didn’t work, and now I’m left watching prices fall from the safety of the sidelines. Either way, I know it’s been forever since the “good is bad” trade worked, and the odds are good this instance will blow up in the cynics’ faces, too.

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