Tue, April 16, 2024 at 15:44

• 

  Kang-hoon

  • Good day, Annie.

  • Today, I have some interesting news to share.

  • The International Monetary Fund (IMF) has issued a warning to the U.S. about its excessive spending and ballooning debt.

  • 
• Annie

  • Oh really?😮 That sounds serious!

  • But didn't the IMF also increase its forecast for global growth in 2024?

  
• 

  Kang-hoon

  • Yes, you're correct.

  • The IMF has indeed increased its global growth forecast for 2024 to 3.2% from 3.1%.

  • 

  • However, it's important to note that new home construction, which had been progressing at a breakneck pace, is finally slowing down.

• Annie

  • Hmm...🤔 So, what's happening in the stock market?

  
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• 

  Kang-hoon

  • In the early trade, money flows are positive in NVIDIA Corp and Microsoft Corp.

  • However, they are neutral in Amazon.com, Apple Inc, Alphabet Inc Class C, and Meta Platforms Inc. Interestingly, money flows are negative in Tesla Inc.

  • 
• Annie

  • Wow!😲 So what's happening with gold and oil?

  
• 

  Kang-hoon

  • The momo crowd is selling gold in the early trade while the smart money is inactive.

  • The same trend is observed with oil.

• Annie

  • And what about Bitcoin?

  • I heard something about a halving event coming up.

  
• 

  Kang-hoon

  • Yes, the Bitcoin halving is projected to be on April 19.

  • Whales have been using the halving as a pump to get mom and pop excited to buy Bitcoin over $70,000 while they themselves took profits.

  • Bitcoin is trading around $63,000 as of now.

• Annie

  • Oh, I see.😯 So, how should investors protect themselves in this situation?

  
• 

  Kang-hoon

  • Investors should consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges.

  • This is a good way to protect yourself and participate in the upside at the same time.

• Annie

  • So, would you say this news is bad for the market?

  
• 

  Kang-hoon

  • Yes, I would consider this news as negative for the market.

  • The warning from the IMF about U.S. spending and debt is a cause for concern.

  • 

  • Additionally, the slowing down of new home construction could indicate a potential slowdown in the economy.

  • However, it's important for investors to stay vigilant and make informed decisions based on their individual risk preferences.

  • Upon comprehensive consideration, this news is perceived as a 😱Bearish.