Inflationary pressure is at a 13-year high. Wall Street got hit by a lot of Federal Reserve data today, including manufacturing reports, industrial production, import and export prices and jobless claims. So this will help the market analyze our economy and determine how "transitory," or temporary, inflation will be.
Keep your eye on the bond market as it approaches its 200-day moving average. Large-cap tech stocks continue to be overbought. These stocks are overdue for a cooldown, which is more probable as inflation fears rise and we get closer to the Fed tapering on bond purchases. That's why I've identified two stocks with recent pullbacks and little sensitivity to interest rate fluctuations.
In today's video, I'll show you whether bonds are going up or down… which index is set to fall… the biggest threat to the markets this week… an update on momentum levels in the Nasdaq… and two hot stocks that are pulling back and ready to bounce.
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