• Sun. Apr 28th, 2024

My Scanner’s Locked On These Stocks Ahead Of CPI (INFLATION) Data

ByJeff Bishop

Sep 10, 2022
My Scanner’s Locked On These Stocks Ahead Of CPI (INFLATION) Data

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This week’s long-awaited speech by Chairman Jerome Powell is now behind us and the market has spoken…at least temporarily.

Thursday’s market rally in the wake of the great market manipulator’s comments speaks volumes. 

Specifically, it means the market is back to being in tune with the Fed, and that another 0.75% increase in the Fed Funds Rate at the next Fed meeting on September 21st would not come as a surprise.

Surprise or not, it is interesting to note that a study done during the last Fed rate hike cycle that extended from late 2015 to 2019 shows the S&P 500’s (SPY) performance to be tilted negatively in the month following a Fed meeting in a hiking cycle vs. cycles where the Fed was simply holding a steady rate trajectory. 

The market is a fickle beast, however, and its opinion can change on a dime.

And the ONE THING that can change its mind, and the Fed’s, is this Tuesday’s upcoming CPI inflation report!

Jason and Jeff at NASCAR

The Fed is spooked about inflation right now, and an overly hot CPI number would be just the thing to SURPRISE EVERYBODY.

The market HATES uncertainty, and it HATES surprises even more.

So you’d better know how sector rotation works when sentiment is both shifting and vulnerable. 

Tools like the innovative technical analysis tool shown below are just one part of how traders find out how sectors are rotating.

technical analysis tool

The the SPECIAL SAUCE is really made by combining such powerful information with custom, premium tools like my High Octane Scanner to find which stocks, in THE RIGHT SECTORS, are breaking out based on the criteria that I have programmed into this amazing SCANNER.

High Octane scanner Dashboard

Right now, these are the stocks that my Scanner is listing as the top ideas for next week, but knowing how to choose the right sector in the face of next week’s INFLATION BARRAGE is something you can only learn here.

As EVERYONE has been talking about this week, on Wednesday at 12 pm ET I am going to be hosting a SPECIAL EVENT called BISHOP’S GAMBIT that you can attend for 0 cost to you.

This is going to be an EPIC event that will help open your eyes to how I am bringing my CUSTOM tools together to bring YOU the top ideas WEEK AFTER WEEK!



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Image and article originally from ragingbull.com. Read the original article here.