Positive earnings reports continue to roll in and most names are near all-time highs, so you might not believe me when I say we could fade some weak stocks right now... but it’s true, folks...
When earnings estimates get too high and prices supersede those figures, there tend to be downside reactions.
It’s all about expectations versus actuality...
Once expectations become a bit too much, the result is a steep downtrend in the asset’s price, or as I like to call it, a correction.
That’s why I want to give you some companies that experienced so much upside during the COVID-19 peak that the actual numbers just can’t keep up.
When Federal Reserve Chair Jerome Powell said the central bank was “ready to pounce” on inflation, we said that’s just another way of saying “we’re not doing anything right now.”
When inflationary pressures aren’t addressed, the market simply continues to inflate.
Monday’s inflationary example was copper, which suddenly woke up from a weeks-long bearish turn.
And that had an effect on both last week’s free trade and the bonus oneFortune Research Head Trader Matt Warder just gave away…
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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