Today, we have another round of trading news and information from our top analysts here at Traders Agency. And of course, our Trade of the Day.
Stocks: Bears are on the run as more traders view inflation as running ever-higher.
Bonds: Treasuries are down in price, up in yield on the belief that inflation is far from over.
Commodities: Commodities traded largely down from energy to metals to agriculture with risk-off sentiment.
Digital Currencies: Digital currencies are down as markets are trading down nearly across the board.
Data Check: Everyone is focused on today’s surging CPI inflation data.
Before we get to our Trade of the Day, head on over to the Traders Agency YouTube channel for breaking market news, live trading sessions, educational videos and much, much more!
Traders are going risk-off, again for yet another day. Stocks are getting sold as the belief that inflation is back on..
Looking at risk-off stocks I have come up with another stock that is front and center of online commerce with the go-to stocks in utilities as the risk-off stocks with the iShares US Utilities ETF (IDU).
With utilities providing dependable income and assets - this makes the iShares US Utilities ETF as a great Trade of the Day.
iShares US Utilities ETF Price -- Source: TradingView
With the current price at $94, IDU is a buy under $94.50 with a near-term target of $104.00 and even more beyond that. And for safety, consider a stop at $89.80.
THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED.
This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber’s (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy.
Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important to do your own analysis before making any investment based on your own personal circumstances. Investing involves substantial risk and results are not guaranteed.
Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers. Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor.
INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED.