All Signs Point To RECESSION — Don’s Daily Brief

by | Dec 1, 2022

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.

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The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.

ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.

The top idea from his daily scan ends up here.

For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.

WRITTEN BY<br>Ileana Wolfort

WRITTEN BY
Ileana Wolfort

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