In today’s video, I’m breaking down next week’s Fed meeting, and talking about the other challenges on the horizon.
This week’s lackluster GDP reading is a problem for everyone involved at the central bank.
As supply chain woes accelerate, we are now facing a potential contraction in the first quarter if the logjam is not addressed.
The problem – as I’ve said for months – is that market incentives have distorted traffic at the ports, and the ongoing 40-year decay of U.S. supply chains because of outsourcing have created impossible conditions.
Watch the video to learn more.
We had 100% wins on our BCO option and another big gain on SKX today.
That leaves us with one open position right now. It’s Fiserv (NASDAQ:FISV), which we entered this morning.
As I explain, this company is the pipeline of the financial system, and there was a massive overreaction over a lost customer (it was likely Plaid) that had no impact on revenue.
Fiserv moved back above $100 today, but has since pulled back. I think that this stock can get back to the $110 level by its options expiration date.
Our new trade opened today, so check your inbox for the trade.
I’ll be back on Monday with a new watch list as we continue through earnings season.
Have a good weekend,