We got the latest Consumer Price Index report Thursday, something I’ve been warning about for a while now…
Almost every one of these monthly reports has smashed the stock market. And why?
Because inflation is still stubbornly high. Long story short, the powers that be at the Federal Reserve created a massive bubble in assets, and then they did nothing as it kept expanding.
Dragged along with that asset bubble are things that don’t come back down in price so easily, like food and rent. And now we’re left with stubbornly high inflation while the Fed has raised interest rates at a record pace — and it’s done NOTHING… nothing but crush the stock market.
So today, I want to dive into the Bloomberg terminal and show you a few things I’m sure you’ll find interesting. I do think we’re seeing some exhaustion on the selling side, so let’s also look at some levels on the Nasdaq and what could be coming next.
I also have a great risk-reward trade setup* to show you, so check out the video up top!
Also don’t forget to tune in Monday morning for Crush the Open at 9 a.m. EDT with me and my guy Lance Ippolito! We’ll cover…
- Big market-moving announcements coming this week.
- Their predictions and key levels to watch.
- Trade setups they’re eyeing.
- Live trading.
- Sports.
- And so much more!
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! Don’t forget to like, subscribe and leave us a comment!
You can also join my free Telegram channel, where I share market insights real time throughout the week, articles, videos and more!
P.S. The No. 1 Way to Trade in October?
There’s something on my mind I’ve been dying to share…
Something that can be used by traders and investors of all skill levels.
It doesn’t matter if you’re a day trader, options trader, swing trader, a casual investor or if you’re just getting started in the stock market.
It spits out buy and sell signals based on the real reasons stocks move up and down…
And I think it could influence your trading month in a BIG way.
See Which Stocks Could Make Another Move Lower
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
