Weaker than expected economic data Tuesday gave the stock market hope that the economy isn't growing out of control. As we continue the tug of war with inflation, I've identified four solid stocks that aren't as sensitive to interest fluctuations. They will also benefit from typical summer spending.
The gross domestic product (GDP) report is out Thursday. This is the most important report this week and will tell us if any action from the Federal Reserve is needed to help control the economy. Any deviation from consensus will likely move the markets.
The Nasdaq looks to trade above its 50-day moving average for the second day in a row. If it does, I'll likely give the green light to dive back into big tech stocks. In today's video, I'll go over the current dynamic between interest rates and the economy… and update on tomorrow's GDP announcement… whether the Nasdaq is ripe for entry again… the relationship between consumer stocks and interest rates… and the top 4 consumer stocks right now.
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