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The markets were jolted this morning by the beat of war drums – an “update” to Russian nuclear doctrine said to be in response to Ukraine’s use of American missiles.
This is only the latest setback for folks that have blindly chased the post-election rally. They’ve been feeling the pinch over the past week.
But we’re following the strongest stocks – in the strongest sectors, to boot, and we’ve been sailing through the selloff with minimal problems.
Crypto, Bitcoin in particular, continues to see vigorous buying. The nuclear energy sector looks good now, too.
Elsewhere, interest rates seem to have found a temporary top, which could signal a breakdown in crude oil prices is around the corner.
But through it all, I’m beginning to see improvement in the market’s internals and, with Nvidia’s highly anticipated third-quarter earnings set to hit tomorrow, all the ingredients are there for another market-moving event.
Let’s take a look at how that might play out to our advantage…
