Preliminary data on consumer inflation in the US showcase another increase from 8.6% in May to 8.8%. Coupled with rising food and fuel prices, this is causing serious market anxiety.
What’s the best course of action in this situation, let’s hear from our expert:
The sharp rise in food and energy prices points to an increase in inflation, which leaves the US Federal Reserve no choice, but to continue aggressively raising interest rates. Currently we expect the US stock market to decline. On Wednesday consider selling #NQ100, #SP500, #Tesla.
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