2 Sectors Offering Key Insight Into What Comes Next for the Overall Market

Pelican Press · August 15, 2024

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Following the inflation data, speculation on the Fed’s next moves, recession fears, and calls for a soft landing, I’m craving simplicity.

By turning to my Economic Modern Family, I’ve found two sectors that offer straightforward insights into what’s next for the overall market.

1. Retail Sector

Our dear Granny will tell us a lot after the economic data is already out, and then the and earnings reports.

This is a weekly chart.

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With the price sitting right on the 200-weekly moving average, if XRT closes above it or below it, the next moves will be obvious.

For those playing along, that number is 73.50. Write it on a post and paste it to your computer screen.

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directly ties in with retail, if people are buying, goods are moving.

This is a weekly chart.

With the price sitting right on the 50-weekly moving average, if IYT closes above it or below it, the next moves will be obvious.

For those playing along, that number is 64.25. Write it on a post and paste it to your computer screen.

Yes friends, with some patience and a plan with real numbers, you can do this!

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#Sectors #Offering #Key #Insight #Market

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