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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