PPI, Retail Sales, Market Surprises… and More

 
   
     
   
 
FEB 16 2023
 
   
PPI, Retail Sales, Market Surprises… and More

SCOTT WELSH
Surprise! Here Come PLTR and BITO
 

The market looks pretty glum today. 

No wonder. The PPI inflation numbers came in higher than expected. 

And we know what that means.

It means the Fed isn’t done raising rates. And some Fed members have even come out and confirmed that hawkish viewpoint.

Oh well. It will just be another down week and possibly more to come.

Not so fast.

Remember Palantir Technologies (PLTR)? Our top secret, under the radar company from a few days ago?

It’s rising like crazy. It hit the possible entry point we talked about and has kept right on going.
 

Hitting $19 is not out of the question.

And there’s another sneaky exploder in our midst. Remember ProShares Bitcoin Strategy ETF (BITO) from my Feb 7 article? The Bitcoin ETF has gone above our possible entry level and is rising:

 
 

It’s just above the $15.18 level we discussed while Bitcoin is hitting new highs.

Both of these instruments were forgotten about.

Now they’re coming back with a vengeance. 

Happy trading,
Scott
GUY COHEN
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Now it’s your turn to have a virtual leg up! I’ve recently crafted a brand new patented technology that gives mainstream traders the ability to track Wall Street’s moves like never before. 

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DON YOCHAM’S DAILY BRIEF 🎥
Small Surprise from PPI… A Bigger One from Retail Sales
 
 
 

I cover the market’s reaction to PPI (underwhelming), retail sales numbers (less so)… and the performance of our recent Daily Picks… in the video right here.  
“MORNING MONSTER” WITH JEFFRY TURNMIRE 🎥
PPI Numbers are OUT!  
 
 
 

Every morning at 9:15am ET, I go live with news and pre-market moves. To watch my take on the PPI numbers and earnings for companies like ROKU, CSCO, CROX, SWPR, and more… go right here. 

Better yet, join me tomorrow morning at 9:15am ET… and each market day thereafter. I livestream on YouTube right here.
   
 

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