As I said in the Roundtable, real inflation, the actual prices we’re paying for the goods and services we need on a daily basis, is much higher than the number the government puts out.
If you calculate inflation the way they did in 1990, inflation would be closer to 15% by some estimates.
And that kind of inflation has a big impact on consumers and the economy. Sure, we might not be in a textbook definition of a recession yet, but it’s become abundantly clear that the U.S. economy has a major problem on its hands.
But that wasn’t the only topic on our minds. We also covered:
Earnings season! What sectors and stocks we’re watching and why.
Plus what you need to know about trading options during earnings season…
What a strong U.S. dollar means for big, multinational companies.
Whether or not travel stocks are doomed.
And more!
Be sure to join Senior Strategist Roger Scott, New Money Crew’s Lance Ippolito and yours truly, Joy of the Trade’s Jeff Zananiri, each Wednesday at 11:30 a.m. EDT for the WealthPress Live Roundtable by following and bookmarking this link!
It’s no secret that 2022 hasn’t been good for the stock market, but even more so for the Nasdaq. In fact, even after last week’s 5.4% rally, the Nasdaq is down about 26% year to date. That’s a big, BIG number…
Ever since the S&P 500 fell into bear market territory — a 20% drop from a recent all-time high — earlier this week, everyone’s been asking Senior Strategist Roger Scott where the bottom is.
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