U.S. markets attempted to break this week's tumbler today. But this effort came with the challenge of deepening inflation worries due to a spike in the Producer Price Index.
On April 28, seven stocks were making 90-day lows and 303 stocks making 90-day highs. This week, 182 stocks are making 90-day lows and only 15 stocks making 90-day highs.
Stock markets are choppier overall, so it would be wise for investors to lower their exposure. Momentum levels are cooling off and markets are neutral, which means there aren't a lot of opportunities to the upside. However, I do like two particular stocks.
In today's video, I'll go over whether inflation is eating into stock market profits… if the Nasdaq is bouncing back or falling down… whether the S&P 500 is going to follow the Tech sector lower… the top 2 stocks in the market right now… and the top stocks investors and traders are targeting.
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