Markets are off hard this morning, likely on the realization that inflation is settling in over Europe.
As inflation de-incentivizes production, you end up with a very nasty, self-fulfilling inflationary cycle that will stifle economic growth.
As Don said on Friday: The bear market rally is over… start putting on those shorts you’ve been looking at.
► Today’s free pick is PulteGroup, Inc. (PHM), a homebuilder in a market that is very challenged. No surprise that Don recommends shorting it.
For details on how to play it, subscribe to The Daily Pick right here.
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.