Should You Worry About Stock Market Sell-off?

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Midas Letter

The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation?

Certain sectors are due for a bit of a deflationary period and some stock prices have outrun themselves over the past year, so it is no surprise we might see some further consolidation in the NASDAQ.

The good news this week is GDP and unemployment data came back better than expected, earnings reports of NASDAQ listed companies outperformed consensus, and there is more stimulus ready to be pumped into the economy.

Is it time to go travel again? What sectors are rising as others fall?

Marriott International Inc (NASDAQ:MAR), Tripadvisor Inc (NASDAQ:TRIP), and Expedia Group Inc (NASDAQ:EXPE) all find themselves in the top 15 of the S&P 500. Something we haven’t seen in a long time!

Commodity prices are all booming! However, as noted in my article yesterday, the rise in lumber, copper, and steel prices is merely proof and the purest harbingers of runaway inflation possible.

Watch the full interview to see whether we think the market consolidation is still healthy and where are the opportunities for trades/investors moving forward.

 

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.