We just entered the weakest two-week period of the year for the S&P 500, dating back to 1928, according to Goldman Sachs…
And this is just a theory but I think a lot of traders are starting to put their money into crypto instead of gold as the markets weaken.
People generally put their money into gold when the market starts to weaken, but that’s just not happening right now.
Why?
Well, if you look at the U.S. dollar, it’s very expensive right now historically. And people view crypto as not being correlated with the U.S. stock market, and there’s been a big flip in generational thinking in this regard.
We have some big earnings yet to come this week: Applied Materials (AMAT) reports after the close, and it’s a major chip stock. We also have Deere (DEER), DraftKings (DKNG), Coinbase (COIN), Crocs (CROX) and more!
We also have the Producer Price Index coming Friday morning on the heels of a bad Consumer Price Index inflation number, which sent the markets sinking on Tuesday.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. Wall Street Lies and Nvidia Truth
Wall Street wants you to think investing has to be complex…
So now most traders believe they need to be a math wizard and wait YEARS to get decent returns.
But that couldn’t be further from the truth!
I just got an alert indicating three stocks are teeing up perfectly for what could be some extra cash flow… next week!
In fact, there have been a ton of opportunities lately, including FOUR on Nvidia alone over the past four months.
While the strategy I’m using to make extra cash has delivered 18 wins in a row, I can’t promise future profits or against losses…
But with Nvidia earnings just around the corner, I believe there’s another bite at the apple coming!
And that’s not all because I have THREE stocks to know for the coming week, and I’ll cover everything LIVE at noon Eastern today!