RE: Short week-ending in red for S&P
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Good insight! Do you think the tech restrictions will affect the market long-term?
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You are viewing a single comment's thread:
Good insight! Do you think the tech restrictions will affect the market long-term?
Thank you so much for your comment!
Not financial advice, but the tech export restrictions could create short-term volatility while markets digest their impact. The S&P looks technically vulnerable with 4600 serving as a potential support level. For recovery signs, watch if it can reclaim and hold above 5400.
Taking a look to a Week-Chart this technical picture aligns with the mentioned support area around 4600, though there are several interim support levels that could slow the decline. The chart confirms the bearish short-term outlook suggested, while reinforcing the importance of watching key levels for potential stabilization or recovery signals.
Regarding your long-term question - if you're thinking 5+ years out, the fundamental growth story for AI and advanced computing likely remains intact despite these hurdles. Companies will adapt their supply chains and develop region-specific products. History suggests trade restrictions often accelerate innovation rather than permanently derail it.
What's your investment timeframe? That makes a significant difference in how to interpret these developments.
Thanks 🙏 again!
Enjoy Easter!
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