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Maybe they thought we wouldn’t notice, what with it being the day before Thanksgiving and all, but we got more than 15 major and minor economic data reports today – everything from GDP to jobs to crude oil stocks inventories and just about everything in between.
Not everything in the reports was big news, and any traders that were on the ball today largely shrugged them off, anyway. But anyone who wasn’t paying attention will end up wishing they were.
What I saw in the inflation data, income and spending-related reports points to a couple of big moves we need to start making now.
I think we need to look again and the classic defensive sectors, like utilities, healthcare, and consumer staples.
I’m seeing the potential for 10% moves in certain stocks before next month, and the year, are through.
Here’s what you need to know…
