The Reserve Bank of Australia slowed rate hikes. And markets seem to have taken that as a sign that every central bank will reverse course as well.
Some may, but the US Federal Reserve won’t — and equity markets are going to be be sorely disappointed.
► For today’s pick, we’re betting on a reversal of this rally. Short the S&P with SDS. Watch the video for details.
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.