Last month was absolute murder for the stock market. Earnings season revealed, if anything, that we’re still dealing with fallout from Covid and navigating headwinds from:
- The war in Ukraine
- Interest rate hikes (with another one being announced tomorrow)
- Runaway inflation
- A “post”-Covid market that no longer cares about Netflix, online shopping, and delivery services – or can’t afford to
It was the worst start to a market year since 1939, the worst year for Nasdaq stocks since 2008, and the worst month overall since March 2020. So course my portfolio is down.
Mentally, I see this as an opportunity to buy more stocks at a lower cost basis. But seeing the drops in real-time is hard, especially with murmurs of “recession” and “bull market” everywhere you look.
This month, I also got interested in a new DeFi app with 15% APY that pays daily interest. More on that and the rest of my updates below!