Yo, Pit Crazies,

The seasons are changing and winter is coming. Join Bill, Frank and I as we talk rates and the Commodities Supercycle that’s on the way. We’ll have your profit blueprint Thursday at 7 p.m. ET.

The most amazing thing about 2022 is that NONE of the issues we had at the beginning of the year are solved.

Not by a long shot!

In fact all of them are going backwards. 

• Ukraine

• Inflation

• Deficit

• Energy Crisis

• You name it!

And don’t forget the Producer Price Index (PPI) number this morning that most likely will lead to more market woes.

All the good feelings that kept stocks up since inflation might soften are gone.

SPDR S&P 500 Trust ETF (Ticker: SPY) three-month chart with one-day candles

So where do we go?

A Retest of July Lows Is On the Cards

Most of the rally out of July lows was predicated on peak inflation in the rearview mirror.

That is not in the case of Europe, which is starting to reap the bad fruit of ill-prepared green energy policies.

Folks are starting to notice that it could be a cold German winter with factories that cannot operate.

That won’t be good for anybody. 

Well, almost.

Bill, Frank and I will have the trading setup on Thursday.

The Rundown

Pro Trading Room

It was a great day in the Pro Trading Room with Mark Sebass on fire with ideas:

To Your Trading Success,

AG