New Prophesy Buy: This Beyond Belief Rally is on Borrowed Time
The stock market rally is the result of a gap between perception and reality. The perception is that the pandemic is almost over and the Fed can prop up the market. But, the reality is that the pandemic is still around and the Fed is out of bullets. This does not bode well for a continued market rally and overvalued stocks are vulnerable. Using the Prophesy indicator, Jim and Dan target this food manufacturer as the best way to profit from an expected crash in its stock price as the recovery weakens and a second leg of the recession looms.
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