The markets opened higher as the S&P 500 looks to lock in its fourth straight winning week — and more in Friday’s stock market recap.
This week’s positive inflation reports have given investors hope that inflation is peaking. But Friday saw the release of one more report that could also prove to be a catalyst for the major indexes: import and export prices.
Import prices came in at 8.8% year over year, below both consensus estimates of 9.4% and the previous figure of 10.7%, which is more good news for the U.S. economy. Export prices also came in lower than estimates, but the real story here is import prices because the U.S. imports more goods than it exports.
While the major indexes have rallied on positive news this week, the bond market is cooling off, putting pressure on stocks.
And that’s not the only reason I believe we’re due for a pullback…
In this morning’s stock market recap video, I’ll explain why I'm becoming more bearish in the short term… which sectors are most vulnerable right now… how to protect yourself in the current market cycle… which industry is heating up again and which is cooling off… plus the biggest factors driving this market right now.
I just went live to reveal my No. 1 Frontrunner Stock for the rest of 2022…
Not only that, but I also discussed the core factors behind what I call “Frontrunner Stocks,” how to build your own custom ETF, portfolio management and more.
I even went into great detail on the formula used to backtest the Frontrunner Portfolio, and shared the results!
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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