Massive Retail Sales Data Creates a Big Market Move

by | Oct 15, 2021 | Market Updates

Back on Sept. 10 — heading into the last options expiry — I told you markets were headed back toward all-time highs.

The following week, I told you to ignore the “Evergrande” narrative, because China and the U.S. are two different countries headed in two different directions…

The U.S. is headed back to all-time highs and China is headed straight into the ground.

Mainstream media was having a huge freakout moment, however, with one Morgan Stanley analyst calling for a 20% correction.

It’s a month later, and look where we are.

Source: Bloomberg

Up 4% off September lows and ready to break out big time.

And the September retail sales data released Friday morning were a huge confirmation, coming in at 0.7% versus a decline of 0.2% expected.

Source: Bloomberg

BIG swing and a miss for the economist crowd.

Trade Recaps as Markets Head Toward All-Time Highs

Our play on retail stocks — the Consumer Discretionary Select Sector SPDR ETF (NYSEArca: XLY) — is absolutely ripping as a result of the September retail sales data, up nearly 4% since we recommended it.

Source: Bloomberg

Similarly, our stakes in the Direxion Daily S&P 500 Bull 3X Shares ETF (NYSEArca: SPXL) and Proshares UltraPro QQQ (NYSEArca: TQQQ) are in positive territory and getting ready to run.

Crypto is absolutely on fire.

The shorts I suggested Thursday in gold and bonds… they’re just getting torched.

And our free trade of the weekJPMorgan Chase & Co. (NYSE: JPM) — is up over 4% since dumb old CNBC said its loan growth was “disappointing.”

Source: Bloomberg

In short, our watchlist has been just crushing it…

Source: Bloomberg

So, it looks like our win total and markets are heading toward all-time highs.

It isn’t every week that our watchlist destroys like this… but when it does, we just say “thank you,” sell a little and go to happy hour!

All the best,

Matt Warder

Fortune Research

WRITTEN BY<br>Matt Warder

WRITTEN BY
Matt Warder

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