The morning spike higher on the back of better than expected inflation news is probably overdone. Inflation is well ahead of the Fed’s 2% target. The morning’s inflation news though could slow further rate hikes and that is why the bounce might have some staying power. This trade had moderate protection but I think the risk to my capital is worthwhile based on the Fed comments above.
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1st Trade Alert and Idea for Thu Nov 10 2022
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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