Dr. Julie Peterson-Manz reviews the Around The Horn stock action for July 28, and presents trade ideas that still have the possibility of triggering for July 29.
The markets had a choppy session, with a 5-wave decline in the morning that tested the intraday moving averages on the hourly charts but did so successfully, resulting in a strong snapback in the afternoon.
Everyone knows that stimulus leads to inflation. And everyone knows that this is the most daring use of stimulus ever attempted. Ergo, it seems likely that we will soon see the most inflation we've ever seen.
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