David Nicholas
@DavidANicholas
Husband. Father. Entrepreneur. Defender of free markets. CEO of Nicholas Wealth. PM of $FIAX. Talk on tv @foxbusiness. Host of RetireReady @wsbradio / Job 5:9
ID:165252244
https://nicholaswealth.com 11-07-2010 01:57:23
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Recent data shows one thing: The Federal Reserve got inflation wrong.
Jerome Powell clearly stopped raising rates too early.
I joined Varney & Co. to discuss why the Fed's wish that inflation will magically decrease is a false hope.
Should the S&P 500 maintain its position above the 50-day moving average, the market rally may persist.
My confidence hinges on a sustained close above the 50-day moving average over multiple weeks.
๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง:
โข 8 out of 11 sectors trading above the 50-day MA
โข
Look forward to joining Charles V Payne at 2 PM on fox business! Be sure to tune in! Going to be a great show
.Varney & Co. put the pressure on me with this question:
โWhatโs your number one stock pick thatโs going to make me money in the next six months?โ
My answer: Putting new money to work in Facebook $META on pullbacks.
An Israeli invasion of Rafah would heighten geopolitical risks and impact the stock market.
As history has shown, increased tension in the Middle East also leads to a surge in oil prices.
I joined Varney & Co. to discuss how investors could navigate these risks by putting money to