It’s been a crazy week marred by nasty, low-volume sell-offs.
I can’t tell you where all of the traders went, but they picked a good week to stay on the sidelines.
Aside from Tuesday’s quick relief rally, it’s been nothing but red candles for the major indexes.
Friday saw the release of a new Consumer Price Index report, and it wasn’t pretty...
May posted the worst inflation figures yet for 2022 with an 8.6% gain year-over-year — the highest in over four decades, edging out March’s former high and crushing the hopes of economists that the worst was already behind us…
The news sent futures plummeting in the premarket as the Nasdaq and S&P 500 dropped nearly 2% deeper in the red at Friday’s open.
Despite the selling, the New Money Crew strategies were able to take some profits, extending our winning streak with Wiretap Alerts along with a little bonus action from a nice mid-week move in DraftKings Inc.
We also scooped up gains while playing some defense with Kellogg Co. for Weekly Blitz Alerts! But now that the cork’s been popped on the hot CPI print, traders need to be on guard for more volatility…
And I have three stocks seeing incredible order flow to add to the New Money Crew Weekend Watchlist!
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