A Market Trapped Between (still very real) Inflation & Mounting Recession — Don’s Daily Brief
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We’re still trapped between the inflationary fears — which, despite a better-than-expected Fed report, are still a very clear and present danger…
And the growing signals — massive layoffs all around, shrinking home sales, etc — that a recession is in the cards next.
With the short holiday week, low trading volume, and no clear bias in the markets… there’s no real clear signals about where the market is going next.
► But there is a single stock you should focus on for today’s FREE pick: ON
The Volume Profile tells me its headed south — but only if it hits one critical level.
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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.
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