The retail sector was in sharp focus this week with weaker-than-expected sales reported, and a series of lackluster earnings reports hitting the headlines.
And to put the cherry on top, all the steam on the memstonk Bed Bath & Beyond trade has been let out after Ryan Cohen — the king of meme investors — unloaded all of his shares in BBBY, crushing the ape army’s hopes and dreams as the stock crashed 40% overnight.
All of that news helped sour the mood on Wall Street, creating a challenging sideways market set to finish lower for the first time in weeks...
But as you know, we’re traders here at New Money Crew. And even in this choppy mess, our strategies are hitting sizable scores!
Because no matter which way the markets are moving, we stay nimble and pounce on the companies and events that can move prices no matter the trend!
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