There are a lot of things traders and investors can make out of the February stock market… both threats and opportunities.
That’s because Wednesday was our last day to lock in profits before the latest Consumer Price Index data was released Thursday morning before the bell.
The CPI, which measures the cost of everyday consumer goods, ended up posting a 7.5% annual gain in January… This solidifies the likeliness of Federal Reserve interest rate hikes in 2022 — as soon as March — with inflation hitting a 40-year high.
This is bad news for big tech and growth names…
Yours truly nailed this forecast LIVE, giving you ample time to make some moves to take some profits and take haven in some volatility trades before Thursday’s sell-off.
So one thing we know for sure is if you’re not long on or holding some type of commodity-related stocks, you’re doing it wrong…
In this week’s WealthPress Live Roundtable, WealthPress Senior Strategist Roger Scott, New Money Crew’s Lance Ippolito and myself took the time to discuss inflation… all of the latest mergers and acquisitions activity shaking up the market… why mega-caps like Meta, PayPal and Netflix are selling off… and most importantly, everything traders should be on the lookout for in the coming weeks.
P.S. The Consumer Price Index inflation number came out scorching hot Thursday morning. I’ve had the day the latest CPI reports went public circled as another potential fire starter catalyst for a while… and I was right.
I spoke about it on Wednesday with my Round Trip Trading Club members, and flipped our entire short trade in order to go long the VXX — ready for a new round trip.
The VXX exploded almost 9% at one point on Thursday with no sign of slowing down. And there’s still time to enter the trade before we make our next round trip to profits…
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