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We’ve been talking for a while now about semiconductors making a comeback and the potential for them to lead a short-term market rally higher…
Which then pushed the market over the edge on Friday. This thing has fallen off a cliff at the fastest rate I’ve ever seen…
We’ve also been talking quite a bit about companies like Snap and even big, bad Microsoft suddenly dropping revenue forecast downgrades out of the sky soon after reporting earnings.
The big news this week, aside from Friday’s HOT CPI inflation number?
Semiconductor company Intel Corp. (Nasdaq: INTC) — a former sector bellwether — said the global economy is slowing, hurting its business…
The news, of course, spread across all semiconductor stocks, dragging down chip names across the board. And that was before Thursday’s final-hour flush that sent the market spiraling ahead of Friday morning’s Consumer Price Index report on inflation…
Which then pushed the market over the edge on Friday. This thing has fallen off a cliff at the fastest rate I’ve ever seen…
So take heed of my warning in the video above.
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
P.S. The Trading Pattern That’s Crushing the S&P 500
Month after month, the results have spoken for themselves…
By relying on an obscure — and hidden — market pattern, one group of traders has SMASHED the S&P 500!
And no surprise here but anyone else who’s uncovered this pattern is likely keeping it to themselves…
But I want to break this story WIDE OPEN so everyday traders can take advantage, too!
