CLICK HERE TO SEE THE STOCKTIPS RECORD

WE’RE ON YOUTUBE NOW! See HERE, HERE, & HERE (Yeah … I’m REALLY excited about this).

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red on the Earnings Calendar Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

StockTips is NOW on Odyssey. It’s like discord but better in my opinion

TODAY’s OBSERVATIONS: I’m not going to lie to you folks. It’s certainly against my self-interest to tell you this. This market is destined to go lower. Sure, we may have a short squeeze or two along the way (Today may be nice as European & Asian Markets closed higher on Monday), but this market still deserves to go lower. Observe the following:

• 8.6 % inflation will chip away at consumer spending power, forcing them to economize on their needs & cut back on their wants. While the official CPI is 8.6% YoY, we all know prices have increased much higher.

• $5.00 national average gallon of gas is roughly double the price it was a little over a year ago. Each dollar spent on energy is a dollar not spent elsewhere in the economy. The price of energy affects the price of everything.

• Big retailers are caught with an overpriced stockpile of discretionary inventory that can’t be moved without cutting the price, & therefore, enjoying reduced earnings margins.

• Fed interest rate hikes are increasing the cost of borrowing money & dis-incentivizing money creation. Fed balance sheet reduction will furthermore have an affect on the money multiplier. These interest rate hikes are expected to continue by 50-bps each month until the economy responds accordingly.

• Mortgages & refi’s are plummeting. The national average interest rate for a 30 year fixed is over 5.5%!

• Intelligent low to middle income people are less inclined to spend & more inclined to save … knowing that there are tough times ahead.

• Less fortunate folks may resort to credit to make ends meet, & the higher the balance, the more at risk they become on defaulting on that credit.

There’s going to come a point when the big institutions & the government bean counters have a recession consensus. The markets will react accordingly. Eventually no one is going to be spending money, but rather saving what they can … & as a result businesses will start laying off employees. The unemployment rate will increase, but the Fed will be hesitant to take action so as long as inflation persists above 2%. Congress will be tempted to take action, however taking action will only lead to partially reversing the goal the Fed is trying to achieve. And as the world is undergoing high inflation, higher priced imports from other countries will help keep prices high. In short, their inflation will be our inflation, regardless as to how the Fed attempts to lower prices in the States.

EXISTING HOME SALES TODAY: May existing home sales are expected to come in at 5.4M, down from 5.61M the month prior. The most recent new home sales left a lot to be desired, coming in at 0.591M when 0.709M was expected. Folks in the market for a home, I believe, are catching on. Prices are decreasing. Why buy a home today when you can get it cheaper tomorrow? However the data we get today reflects last months sales, so remember that subsequent numbers may be worse, although higher than you may think it because housing is a seasonal market.

FED CHAIR POWELL TESTIMONY: Jerome Powell is testifying before Congress Wednesday & Thursday. God only knows what that will bring. My expectations are less than optimal for the bulls here.

• Dow futures surge nearly 400 points as the market is set to rebound from a brutal week

• European markets climb, following positive global sentiment

• Japan gains about 2% as Asia-Pacific markets rise; RBA expects inflation to peak by year end

EARNINGS REPORTED ON 21 JUNE 2022:

BUY LIST UPDATE: It’s always tough after a market dump to add either long or short plays. Be patient folks. All of the suggested short plays I posted earlier worked marvelously! But I’m hesitant to add more given the market lows. It seems to me that shorts are holding & when they cover the markets will rally.

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PAID CONTENT IN THE PAYWALL BELOW: 1 Stocks on the BUY LIST near/at/above the Buy Zone (Waiting to Swing) / 1 Options Strategy / A Detailed Breakdown of Yesterdays Earnings Beats & Misses / Most Recent Insider Buys/Sells / IPO Lockup & Quiet Period Expirations / 10 Stocks on the Price Based Assessment Watchlist / 3 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) / 3 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) / 6 Stocks on the short possibilities list.

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

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