With new vehicle production stutters caused by a variety of factors like the microchip shortage, more and more people are turning to the used car market...
But this swell in demand coupled with low short-term supply of used vehicles has prices skyrocketing so much they cost more than their factory-fresh counterparts.
I mean, used Toyota Tacomas are going for nearly $40,000... while new ones are $37,000!
This trend should continue well into 2022. And I’ve found a small group of stocks set to benefit from this anomaly as long as supply chain bottlenecks persist.
Futures were up this morning, undoing most of the downward action we saw Tuesday.
Merck shares rose Wednesday morning in premarket trading after an FDA advisory panel endorsed use of the company’s COVID-19 pill. The pill still needs final authorization from the FDA and CDC before it’s available to the public.
Meanwhile, the Biden administration is considering tightening travel restrictions in response to the omicron coronavirus variant.
Federal Reserve Chairman Jerome Powell is set to appear before a House panel on Wednesday, just one day after saying he’s considering tapering bond purchases even faster as the country grapples with rising inflation — more on that in this video...
In this stock market recap video, you’ll discover the major levels for the S&P 500 and the Nasdaq… the latest support level for the bond market… which sectors are most vulnerable right now… what market internals are telling us… the strongest sector and stock… and the weakest sector and stock.
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!
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