7 Stocks to Sell Before Things Get REALLY Ugly
The summer months provided a brief respite from the ugliness of 2022’s bear market, but there is reason to believe things could get worse from here. U.S. consumer confidence increased slightly following the passage of the Inflation Reduction Act and amid falling gasoline prices. Last week, the index moved above the 50-point mark for the first time since May. But — and this is a big “but” — the poll also showed Americans are tightening their budgets . In addition to reduced consumer demand, many investors and market pundits are pointing to the housing sector as a key concern. The news here is mixed as well. Logan Mohtashami, lead analyst at HousingWire, said that while the situation does not classify as a bubble, he does see “unhealthy home price growth.” Finally, we have the Federal Reserve’s aggressive rate hikes in an effort to tame runaway inflation. The market was clearly hoping to hear that the slightly subdued July inflation numbers would prompt the central bank to change course and stop raising rates.
7 Stocks to Sell Before Things Get REALLY Ugly
The summer months provided a brief respite from the ugliness of 2022’s bear market, but there is reason to believe things could get worse from here. U.S. consumer confidence increased slightly following the passage of the Inflation Reduction Act and amid falling gasoline prices. Last week, the index moved above the 50-point mark for the first time since May. But — and this is a big “but” — the poll also showed Americans are tightening their budgets . In addition to reduced consumer demand, many investors and market pundits are pointing to the housing sector as a key concern. The news here is mixed as well. Logan Mohtashami, lead analyst at HousingWire, said that while the situation does not classify as a bubble, he does see “unhealthy home price growth.” Finally, we have the Federal Reserve’s aggressive rate hikes in an effort to tame runaway inflation. The market was clearly hoping to hear that the slightly subdued July inflation numbers would prompt the central bank to change course and stop raising rates.