This past week, officials at the Department of Labor confirmed what most of us have known for weeks… inflation is here!
The Nov. 10 Consumer Price Index report found the cost of goods jumped over 6% in October — the largest single-month move in 31 years.
This week, traders will watch earnings carefully as several major retailers report. We’ll also get a look at retail sales Tuesday followed by e-commerce sales on Thursday.
The reports will help us see where consumers are spending their money — and where they aren’t — as prices squeeze through the holidays.
The stakes here are big, as retail sales make up about 70% of U.S. GDP.
On top of that, it’s expiration week for November’s monthly options, which should add some extra volatility to those retail earnings options chains.
It didn’t take Joy of the Trade Head Trader Jeff Zananiri long to get this former member of both the CBOE and the American Stock Exchange on board with these “Round Trip” signals.
We’re talking about trader extraordinaire, Mark Sebastian. He normally doesn’t take trades from other people… But the strategy Jeff’s been showing him has so far opened his eyes wide.
And traders will have the chance to tap into what he says “might be the most explosive strategy I’ve ever seen.”
Already, Jeff’s let Mark in on these “Round Trip” signals that have gained 263% in four days… 267% in seven days… even an incredible 2,645% gain in four weeks. And...
Infrastructure X Factor: Top Picks for the Road Ahead November 12, 2021
U.S. Steel’s transition from slow blast furnaces to more efficient electric arc furnaces will help maximize the benefit of the infrastructure bill’s cash infusion.
Retail Names Heat up as Bulls Search for Upside Ahead of Earnings November 13, 2021
Early Monday during my live trading session, my scanners picked up retail name Hasbro seeing some unusual options activity and swooped in for a quick one-day win!
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