Retail stocks got some bad news this morning after Walmart reported earnings and then promptly fell over 8%.
But it’s not all bad…
Macy’s was up over 13% at one point before coming back down a bit.
The major indices are all down and I expect Thursday will be a wild, volatile ride. The bond market (TLT) is pricing in a zero percent chance the Federal Reserve will continue raising interest rates in December or January.
I think that’s a bit premature and we could get a rate hike in January or further down the road.
Back to the bond market…
If you see TLT breaking to the upside, that means sentiment is strong that rates will be going down. That, in turn, is good for retailers and the economy in general. If it breaks down, that would tell us that rates are likely to go higher — and that’s bad for the market.
So I’d like to see it break up… The main reason the market’s rallied the way it has is because the CPI inflation report from Tuesday is telling us that things are getting better.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
In today’s all-new briefing…
I’ll take a deep dive into several consumer stocks and earnings… the bond market and ascending triangle trading pattern… gaps in the S&P 500 and QQQ… if small caps are ready to sink again… seasonality ahead… global economy review!
P.S. Ready to Build Your Ultimate Dividend Portfolio and Make Cash Every Week?
Celeste Lindman is a CPA, and she’s THE best at finding ways to squeeze every dollar possible out of the market…
Which is a super handy skill to have considering all of the economic headwinds we’ve endured the past year…
Rising interest rates — have you seen what a mortgage costs these days?! — inflation at 40-year highs, global conflicts, supply chain disruptions…
So Celeste put together her Ultimate Dividend Portfolio to help regular folks like us generate additional income, each and every week.
And it couldn’t be simpler — IF you know what stocks to target!
Join her at 1 p.m. ET today, Nov. 15, to learn three simple steps to building an income-producing portfolio, and get her top dividend stocks right now!
