Rising Inflation Could Create Opportunities in These 3 Stocks
Wall Street is weighing positive earnings reports with hot inflation data coming out this week. Large-cap stocks are still at overbought levels and may reverse toward their 50-day moving averages. Interest rate fears could ultimately push tech stocks and other large caps lower as we approach the end of summer.
This would create opportunities for other names like small and mid caps, which have been moving sideways. I’ve identified three pullbacks getting ready to bounce back.
Federal Reserve Chair Jerome Powell is scheduled to speak at noon EDT today. Investors eagerly await Powell’s testimony after Tuesday’s data showed consumer prices increased the most since 2008, and following this morning’s news that the annual producer price index jumped to 7.3%.
In today’s video, you’ll discover which segment of the market is most vulnerable… which index we need to stay away from… whether financials are a good bet right now… an update on Fed policy… and three hot pullback opportunities.
