THE STOCK MARKET IS GOING TO GAP DOWN!

The stock market saw another historic sell off as the NASDAQ closed just shy of a 5% decline as investors started to price in the risk of a slowing consumer. Although Jerome Powell spoke yesterday, the move today was bigger than the Fed chair. TGT earnings, added to what we saw with WMT the day before, created a huge sell of in consumer staples & consumer discretionary stocks. This challenged the long standing narritive that the "consumer is strong" and had wall street scrambling as now there really hasn't been an industry effected by the recent volatility. I go over all of this and what it meant for the market today, then I go over my portfolio and trades. We saw some big 100-500% gainers with AAPL & VXX, but the real focus will be consumer stocks and post earnings. CSCO reported after the bell and this will be a good target for tomorrow as they are already down 20% since the report. Like TGT & WMT showed us today, one day of selling isn't enough, so hopefully we can find a nice play! EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!

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