Don’t Fall For The Rally. It’s A Fragile Economy. — Don’s Daily Brief
With inflationary fears receding, growth concerns are front and center.
We’re no longer in a “bad news is good news” situation.
Even if the Fed pivots, the effects of the rate hikes we’ve had so far are too much for the economy to bear.
The past decade-plus has built a fragile economy on the back of cheap money. And now that growth is working in reverse.
► For today’s FREE pick, take a look at MRK. I see another 5 to 10% to the downside possible.
This thing is set up for a near term selloff — But not yet. You should only short it once it hits a specific level.
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👉👉 Our total now comes to 29 winners since we started in mid-August! (just 18 losers in that same period, with small losses in each)
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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.
