Markets getting HAMMERED at the open! $SPX and $NASDAQ both down as inflation fears are BACK with a vengeance! This is exactly what I've been warning about — you can't ignore the data forever!
GOLD is catching a bid as the safe-haven trade kicks in. When stocks sell off and inflation worries spike, where does money go? GOLD! Classic flight to quality.
OIL is also moving — energy names could be the play here if inflation stays sticky. Watch the tape closely!
This isn't the time to panic, but it IS the time to be selective. Stick with quality names that can pass on costs. Avoid the junk that got bid up in the meme rally. BOOYAH!
GOLD is catching a bid as the safe-haven trade kicks in. When stocks sell off and inflation worries spike, where does money go? GOLD! Classic flight to quality.
OIL is also moving — energy names could be the play here if inflation stays sticky. Watch the tape closely!
This isn't the time to panic, but it IS the time to be selective. Stick with quality names that can pass on costs. Avoid the junk that got bid up in the meme rally. BOOYAH!