Even the talking heads can't ignore it…
From the Desk of Don Yocham: |
| | | | | | | | | | | | |  Today we continued getting data on purchasing managers’ indexes — and they’re all signaling contraction in the manufacturing sector.
We also have some pretty strong signals that job layoffs are continuing at a rapid pace — particularly in the tech sector.
The fact is we’re moving deeper and deeper into a recession… and it’s becoming more and more obvious, even to those talking heads who have been talking about market bottoms all year. (while I’ve been warning you otherwise)
We’re in for a rough ride. And don’t let the market’s recent jump fool you:
The market ripped higher on ONE single statement — among a slew of hawkish statements — that Powell made yesterday in his Fed speech.
And this little spike we’ve seen in markets?
I’m not buying it. I think the market has peaked from it’s little 6 week bull run.
► So for today’s free daily pick, I’m recommending you short the broad market.For exact ticker, trigger price, target price and stop loss, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈Take What The Markets Give You. | | | | | |
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 Today we continued getting data on purchasing managers’ indexes — and they’re all signaling contraction in the manufacturing sector.
We also have some pretty strong signals that job layoffs are continuing at a rapid pace — particularly in the tech sector.
The fact is we’re moving deeper and deeper into a recession… and it’s becoming more and more obvious, even to those talking heads who have been talking about market bottoms all year. (while I’ve been warning you otherwise)
We’re in for a rough ride. And don’t let the market’s recent jump fool you:
The market ripped higher on ONE single statement — among a slew of hawkish statements — that Powell made yesterday in his Fed speech.
And this little spike we’ve seen in markets?
I’m not buying it. I think the market has peaked from it’s little 6 week bull run.
► So for today’s free daily pick, I’m recommending you short the broad market. For exact ticker, trigger price, target price and stop loss, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈 Take What The Markets Give You. |
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