I’ve received a ton of emails the past few weeks asking me if I think the rally we’re seeing in the Energy sector is likely to continue... or fade away.
While the Federal Reserve initially told us that inflation is transitory, it’s proving to be fake news. If inflation was transitory, the Fed wouldn’t tell us every chance it gets that it might taper bond purchases next month.
It’s just not something that would happen if inflation was transitory, now would it?
So in this video, I thought I’d give you my two cents on the topic and my top energy stock picks for fall 2021.
Keep your eye on the bond market after the latest gross domestic product data shows U.S. economy growth slowed to 2%, annualized in the third quarter. Analysts were expecting a 2.8% reading. A better-than-expected figure would’ve supported the Federal Reserve’s bond tapering plan. A slower expansion pressures the Fed to leave current economic stimulus in place.
Looking at the put/call ratio and relative strength index levels, we could see a period of sideways trading. Regardless of the GDP reading, I expect inflationary pressure to continue. Considering inflation and with winter around the corner, I’ve picked out my top energy ETF to trade right now.
In this video, you'll discover what to expect from the Fed… how bullish or bearish the GDP data is… whether sectors remain fragmented and how it’s going to impact the index… an update on momentum levels in the overall market and small caps… the top ETF to own right and its option.
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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