Inflation is still high at 8.3%, and consumer prices rose last month. It's not a great look.
And so far, the market's not happy. Here's a chart of the S&P 500 ETF Trust (NYSE: SPY) …
Strap in for a rough couple of days.
When July's inflation data came out, the market spiked on bullish news. A month later, there's bearish inflation data. We expect bearish price action.
But some niches are more insulated. High inflation doesn't affect them as much.
Low-priced volatile stocks. Yes, these can be sketchy and dangerous. But where there's higher risk, there's higher potential reward.
Use scanning software to identify stocks that have already spiked on the day (at least 20%). If they've got news, a low float, and a high trading volume, add them to the watchlist.
Crypto. This industry is way beaten down. Between November 2021 and June 2022, crypto shed $200 billion. Sounds like it's time for a bounce. And there's a huge catalyst on the horizon …
The Ethereum merger is almost complete! If you still need a plan, two traders with +$9million in combined profits are holding a live webinar the night before. Wednesday at 8 p.m. Eastern, it's worth a look … check it out.
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