Ready to Run
The market had a nice long weekend to get itself pumped up again but it overslept instead.
What are the experts saying?
A recession is back on the table. And a soft landing might have been very wishful thinking.
What do we do when this happens?
You find the things that have fallen the least. If a sector has been red-hot and stocks in that sector are holding up, you might find a big winner when the market feels good again.
What’s hot right now?
Leisure and Gaming.
After a horrifying few years, gambling and traveling are back in a big way.
And what’s holding up during this recent slide?
Churchill Downs.
CHDN gives us everything: horse racing, gambling, and entertainment. Who could want more than that?
And it’s now very close to a major breakout point.
If it shoots above $249.35, one of the hottest stocks in one of the hottest sectors could be ready to run.
Happy trading,
Scott
