We’ve been hitting — and cashing in! — on a theme here of late with retailers…
That theme was at the forefront again Thursday with earnings reports from Dollar General and Dollar Tree.
The theme began to take shape when Walmart and Target both missed on earnings. Because in a recession, you start to see crap rolling downhill.
Think of it as this sort of pecking order… Target is at the high end, followed by Walmart and then the dollar stores at the bottom.
When the economy starts backsliding with inflation at a four-decade high, people who shopped at Target are feeling the squeeze, so they have to downgrade to Walmart.
And people shopping at Walmart have to start shopping at the dollar stores — which I expected would be a big boon for them this earnings season… Because let’s face it, people are trying to save money.
Gas prices, rent, food, everything is putting the squeeze on all Americans. After seeing Thursday’s Dollar General and Dollar Tree earnings reports, boy did this ever play out.
Can’t make it to Senior Strategist Roger Scott’s invaluable training classes during the week?
Well he’s hosting a more “laid back” session at 10 a.m. EDT on Sunday, May 29, where he’ll show you why this one basic indicator is all we need right now.
He built a trading strategy with the premise to rip in bull markets, and it completely proved him wrong in the sense that it works just as good — if not better — in crashing markets…
The conclusion is this is all thanks to one basic indicator most people don’t know about…
But it’s been alerting the upside and downside potential in the markets — and we’ve seen plenty of both this year!
That’s because instead of trying to guess the peaks on stocks, he’s getting in when things are “out of whack,” and then closing the position when it normalizes.
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