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- Consumer sentiment is down, but tactical plays are ripping š
Consumer sentiment is down, but tactical plays are ripping š
I notched my fourth 20%+ alert of the week
Good afternoon, Folks, Jeff Bishop here.
The markets are off to a great start today despite the lousy consumer sentiment report.
Or is it because of it?
Consumer sentiment was down 10.5% from last month, and the one-year inflation outlook jumped 0.6% to 4.9%.
CNBC thinks investors ābrushed offā the report, but Iām not convinced.
Coupled with the inflation reports earlier this week, I think they see more reasons for the Fed to cut rates later this year.
Thereās a lot going on here, but I think investors are betting on corporate strength and monetary easing over the more emotionally driven indicator of consumer sentiment.
Regardless, Iām glad weāre rounding out the week with a much needed upward correction.
And Iām especially glad that the ātactical tradeā idea I sent you this morning ripped most of this morning:
That makes it my fourth ātacticalā idea that surged 20% or better this weekā¦j
My fifth one climbed only 11% :(
I wrote this morning that āitās critical right now to seek out trade ideas that could be immune from the [marketās headwinds and tailwinds] altogether.ā
Thatās precisely what these ideas have done amid a heck of a lot of turbulence.
Iām sticking with this strategy so long as it continues working, and Iām already hunting for another ātacticalā idea on Monday.
In the meantime, be sure to stay tuned to my alert from this morning as the rest of the day unfolds!
To Your Success,
Jeff Bishop
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