Trade Alert: A Peaking ISM Means Trouble For This ETF

All signs point towards the Fed tightening its policy into a slowing economy in the opening months of 2022. We think chemical makers in particular are at risk of reporting lower margins, unwanted inventory builds, and lower sales volumes by mid- to late-2022. A stagflation environment, driven partly by high oil and natural gas prices, is bearish for chemical stocks. Jim and Dan recommend this ETF weighted heavily in chemical stocks as the best way to play a downturn in stock values as earnings will disappoint.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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