The market fell for two days in a row.
On Tuesday, the Nasdaq fell 2.26%, and on Wednesday the Nasdaq fell 2.22%.
Large-cap stocks such as AAPL, TSLA, AMZN, MSFT, GOOGL, FB, JPM, BAC, and the semiconductor sector led losses. The Nasdaq also led losses. Perhaps high valuations in tech stocks led the decline.
At the same time, Fed officials continued to talk about possible future rate hikes by 50 basis points. That's definitely bad for the market, and I'm guessing Wall Street is already bearish on the market. Stock index futures always lead the market down. The bearish sentiment in the market has risen significantly.
How are your stocks today?
Does anyone have a better strategy?
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