Why A Recession Is GOOD
The stock market found a way to close green today as recession fears and testimony from Jerome Powell weren't enough to ebb hopes of a relief rally. The talk of the day was all about the upcoming recession, but contrary to what many traders would expect, the main focus was the positives of a recession and how it would lead to the Fed to pivot and support the market. This is why bond yields fell today as the market was able to fend off more lows. I explain all of this in detail and why a recession was viewed as a net positive for the market. This doesn't say anything about how the recession will play out, but doesn't mean the market can't react to the positive till it arrives. After this brief market recap, I go over my portfolio and the stocks to watch tomorrow. I go over the XLU trade and why I will be watching XLV stock for a potential play if defensive stocks can maintain momentum into next week. Then I go over FNKO stock and its out performance on the day before wrapping up with the FDX trade and what I am looking for tomorrow. 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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