Stocks
- 0.75% fed rate, highest since almost 30years ago but tbh it won't be enough to lower inflation because demand is still too strong and people are still buying despite low supplies
- Market rallied rate announcement but I foresee gains to be gone by end of week
- Closed my call options for lower profits, on hindsight should have closed before announcement as rates were in expectations of estimates
- Taking some leverage at this time by selling naked fortnightly calls at cost basis strike to earn premiums, same as previous to let go of stocks if strike is reached
Life
- Petrol prices are increasing mom with spc at $3.35 per litre but seems like SG people are still spending like no tomorrow
- Hopefully demand will go down if not its a matter of time before we feel the same as US
- Control emotions and do not do unnecessary moves.. PKL
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