Industrial production down. Capacity utilization down. Retail sales down.
The economy is headed into recession and the market has to come to grips with it.
S&P is down about 50 points right now and probably headed lower.
We recently went short J.P. Morgan and we’re going to keep going short banks.
► To find out what bank we’re shorting today, along with specific trigger, target and stop loss, 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.