🎙Listen Now: CPI Data and a Featured Stock on a Wall Street Trader's Radar!
FOR SERIOUS TRADERS
Good morning, traders!
I want to quickly share a stock that I'm keeping an eye on because I'm very optimistic about this particular industry. In the past, I featured a stock in this industry at $37, and it later reached $106!
First, there are a few important developments following the release of the CPI Data, which could be seen as positive indicators:
The US Dollar is moving lower after the CPI Data.
10-year treasury yields are also moving lower after the CPI Data.
The likelihood of a rate hike in June has decreased after the CPI Data.
Remember that tomorrow we have the release of the PPI data and the FOMC rate hike decision, with Federal Reserve Chairman Jerome Powell speaking.
Yesterday, we released an audiobook on Jesse Livermore, which I encourage everyone to listen to. Also, remember to revisit the content from the weekend as it is still relevant for today and tomorrow!
Now, let's dive into our featured stock.
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