This past week's bond market rally shifted demand in leading stocks. I've identified four names that pulled back near their 50-day moving averages and are showing great upside potential.
This week will be filled with economic data and could define how much inflationary pressures exist in the U.S. economy. Producer prices, industrial production and retail sales data is out on Tuesday. The Federal Open Market Committee meets Wednesday and Thursday, and will include any action the Federal Reserve plans to take to combat inflationary pressures — if any.
This past week's Consumer Price Index report showed us that inflation has risen because of temporary factors. Policy changes are not expected to be announced. Any change in the typical Federal Reserve language on inflation could fuel fears, however. Tuesday's economic data will give us a good indication of what to expect from the Fed on Wednesday.
In today's video, you'll learn which Fed data is moving markets this week… whether the bond market is prone for more upside… the top sector to watch right now… and the top 4 stocks pulling back.
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