We’ve got the Fed coming out on Wednesday and the overwhelming consensus is for a 25 basis point hike.
I think there’s a chance they could do more — they’ve still got problems with wages, gasoline prices are ticking higher.
Eggs, although they can point to other excuses, is possibly symptomatic of a deeper inflationary fire continuing to smolder.
► In any case, while we’re waiting on the Fed, I think there’s an opportunity to go short the S&P overnight.
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The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a stock 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.