The Pain Trade Is BACK

2 years ago
7

The stock market kicked off the week with a lot of news and data, but in the midst of today's moves, 2 warning indicators reemerged. Despite the positivity from solar stocks, China easing & AMZN stock split, within a hour of the market, things flipped as bond yields climbed back over 3% and the Japanese yen continued its decline. I give a quick market recap to go over everything that happened in the market today, but the real key was the bonds & yen. Last time both of these indicators did the same thing, it was the beginning of April, right before we sold off any rally to hit more new lows. With there only being the CPI this week, it makes it much easier to follow the correlation of these two so keep your eye out for them this week as they can signal more pain for the markets ahead. After this brief market recap and stock analysis, I go over my portfolio and stocks to watch for the week. I made a trade on ENPH stock, then I closed out of PDD stock & UNG options. I will be watching bank stocks leading into the CPI but the key will be to follow the momentum and get ahead if we see another drop forming. 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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