Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Opposite Day Issue
This week, we’ll address the following topics:
– The CPI comes in hot. Does this mean “higher for longer”?
– The PPI comes in hot. Does this also mean “higher for longer”?
– Retail sales came in weak while manufacturing exceeds expectations. This reverses our prior trend of weak manufacturing and strong consumer sales.
– Shockwave Medical ($SWAV) beats earnings expectations. The company isn’t just taking share. It’s growing the market.
– Macau visitation for Chinese New Year well above expectations and rivaling the pre-pandemic 2019 numbers. Great news for Las Vegas Sands ($LVS).
– Japan officially enters recession. The currency isn’t doing so great either. DKI has been highlighting problems with the Japanese central bank for well over a year.
– Tracy Shuchart thinks oil remains range-bound this year. Does that mean there’s no opportunity? Of course not! Ready for a new week of reversals? Let’s dive in:
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