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The market continued to go up this week. In fact, the market has been on an upward trajectory since March 14th. If the stock market is a mountain, stock prices have been rolling down the mountain since early January. Stock prices have started to climb up again lately. However, there is a chance that this is just a bear market rally. The big problems like inflation are still there. If it is a bear market rally, stock prices will start to roll down again. The bottom of the mountain may or may not have been found on March 14th. I will write more about bear market rallies in the next newsletter.
Buys -
Bought 1 ADBE at $423.23
This week, I started a new position in Adobe. ADBE is a good long term stock to own. This week, the quarterly results were poor, and the stock price went down. I used the opportunity to buy one share of Adobe. It is not exactly a cheap stock but it never is.
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