An Economy Setting Up For Deep Recession — Don’s Daily Brief
A lot of economic data out today:
On the positive side:
Housing sales look like they’ve jumped pretty significantly — a pretty volatile number.
Durable goods orders are hanging in there. Looks like corporations are making investments.
On the negative side:
The job market continues to show weakness.
Manufacturing and services surveys showing significant contraction in the economy.
Which way will it go? … My bet is on the down side.
The yield curve is inverted to the point of 71 basis points — a level it hasn’t been at since 1981.
I think we’re really setting up for the deep part of the recession.
We’ve just had some hints so far this year — but now we’re getting more data telling us that we’ll be deep in recession territory next year.
For today’s pick — sign up for Don’s Daily Brief: https://ProsperityPub.com/dailypick
If you’d like to get exact trigger price, target price and stop loss… Subscribe to The Daily Pick right now for just $9/mo: https://prosperitypub.com/dailypick
👉👉 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)
Why not join us and get ready for tomorrow’s pick? Subscribe to The Daily Pick right now for just $9/mo!
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.
