Plays for The Holy Trinity Next Week
Posted: Apr 06, 2024
- Next Wednesday and Thursday will be volatile in the stock market due to releases of economic data - Inflation YoY, CPI, and FOMC minutes are releasing on Wednesday, followed by initial jobless claims and PPI MoM on Thursday - There is disagreement within the Fed about the direction of interest rates, which impacts the market - The 10 year yield is at 4.4% and inflation is rising, signaling a potential need for a market correction - The poster plans to buy $7.5 UVXY 4/19 calls and potentially SPY calls depending on market news - Market confidence is uncertain and next week could determine the direction of the bull market
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!