“MarketWatch” reported on Tuesday (27th) that the Federal Reserve raised interest rates one following another, sounded the alarm of economic recession, and the stock market plummeted. Financial experts believe that people should be cautious in responding to the uncertain 2023 and avoid buying five stocks in 2023. products, including SPAC (Special Purpose Acquisition Company) stocks, meme stocks,cryptocurrencyMeta Quest headsets and Tesla cars.
Recent data from the Federal Reserve Bank of St. Louis shows that Americans’ personal savings have plummeted. After adjusting for inflation, personal savings have plummeted by 88% from the peak in 2020, and 61% lower than before the epidemic. The US personal savings rate was reported at 2.4% in November, slightly higher than October’s 2.2%. Meanwhile, there are signs that U.S. consumers are pulling back on spending.
“MarketWatch” compiled the opinions of financial experts on Tuesday (27th) and mentioned that people should consider cutting spending in 2023, making more informed investment and spending decisions, and cautiously responding to the uncertain 2023.
What regarding places where people should avoid spending? Experts pointed out that during the epidemic, investors like to buy SPAC stocks, but according to a recent study, investors who bought SPAC stocks since 2015 lost an average of 37% following one year, suggesting that investors should avoid buying in 2023 SPAC stock.
In addition, in the stock market with the background of the Federal Reserve’s quantitative easing, it is effective for some people to buy meme stocks, but experts call on investors to stay away from meme stocks now, because in the background of the Fed’s interest rate hike and bear market , The fundamentals of the company have regained the attention of investors, and it is judged that the good days of buying meme stocks are over.
Experts also point out that 2023 should not be investedcryptocurrencybecause for a long time, investors are used to buying on dips,cryptocurrencyNo correlation to market theory of long-term holding, buying it is more like speculation than investment, andcryptocurrencysafety is still questioned.
Experts warn that anyone thinking of buying a Meta Quest headset should think twice. Meta Quest headsets are not cheap, and with Apple expected to enter the field in 2023, people may have more options.
In the end, experts advised people not to buy a Tesla (TSLA-US) cars, since General Motors (GM-US), Ford (F-US), Toyota Motor, and many other automakers will launch a wider variety of electric vehicles in 2023, consumers will have more electric vehicle choices, and Tesla has hardly responded to Tesla since the Model 3 was launched in 2017. Model 3 is updated.
Liz Najman, a climate scientist and communications and research manager at Recurrent Auto, an electric vehicle research and analysis firm focused on the used car market, said 2023 looks set to be the year of change for Tesla and its followers.
