Stocks Are Testing New Highs As Inflation Comes In Hot (Again)


Black and Gray Laptop ComputerImage Source: Pexels
The headwinds are blowing stronger and stronger, but most stocks are still defying gravity and, in a lot of cases, common sense. All three big indexes were looking strong in late trading today.And this is all despite the fact that we got a hotter-than-expected CPI report this morning.But Bitcoin, which, along with gold, has been beyond hot lately, racked up a 1.2% loss by 2 PM. Ether was off more than 2.6%. At this point, a pullback in cryptocurrency could mean the market is pivoting to a risk-off stance.So let’s get while the getting’s good. There are a few Magnificent Seven stocks with favorable risk/reward ratios right now, along with some other names in AI. A lot depends on how interest rates finish this week.So let’s have a look…Video Length: 00:09:55More By This Author:Nvidia Options Are Fading – Here’s What Comes Next
Here’s Why The Selling Is Different This Time
The Next Big Market Catalyst

Reviews

  • Total Score 0%
User rating: 0.00% ( 0
votes )



Leave a Reply

Your email address will not be published. Required fields are marked *