The jobs report dashed hopes of a pivot by the Federal Reserve on rate hikes.
But don’t confuse a positive jobs report with a sign of a healthy economy.
What we’ve got is INFLATION with a side of RECESSION — otherwise known as stagflation.
And that leaves the Fed in a position where they can’t back down on rate hikes.
That may not be good for risk assets, but but it’s GREAT for our shorts.
If you’ve been following along and taking these FREE daily picks, you’re perfectly positioned.
In fact, yesterday’s pick already hit its target, marking winner #21 for us.
► And today we’re going back to the well with a short on GLL.
👉👉We’ve already closed 21 winners and we haven’t even been doing this a full 8 weeks yet!
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.