MDM has switched to a SELL signal.
For the first time since 2018, Fed Chair Powell has changed his stance on QE by becoming more hawkish due to spiking rates of inflation. The CPI hit a 39-year high most recently. As a consequence, we may very well see a market correction in the major avgs of 20% or more if history rhymes. He removed the word "transitory" as even he can see that inflation is persistently pernicious, even using the government's manipulated CPI data.
Today, the UK labor market reported a strong jobs report with even lower unemployment at 4.2%. This will give the Bank of England more room to hike rates when they decide on Thursday. The U.S. PPI also came in hot at 0.8% last month, above the expected 0.5%, and rose to 9.6% over the last year in November from 8.8% the prior month marking one of the highest levels in decades.
The global trend has been to tighten since more than a billion people live with double digit inflation which is destroying savings accounts and the middle and lower classes. A number of countries have started to tighten including South Korea and New Zealand.
List of Potential ETFs for investors:
1-times inverse
PSQ - NASDAQ 100 1x bear.
2-times inverse
QID - NASDAQ 100 2x bear.
3-times inverse
SQQQ - NASDAQ 100 3x bear.
TECS - S&P Techology Select Sector 3x bear.
NOTE: This is a suggested list. Investors may wish to become acquainted with the full range of available ETFs, and should make an effort to understand how these ETFs are created and what their components are, as well as being aware of the downside risks involved, especially with leveraged ETFs. Certain ETFs may be more appropriate depending on one's risk tolerance levels. Typing in keyword 'ETF' into the FAQ keyword search bar or going here https://www.virtueofselfishinvesting.com/faqs/search?p=1&q=etf and visiting this site https://etfdb.com/ can be instructive.
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