Trade Alert: Consumer Headwinds Can Tank This ETF

With consumer sentiment surveys in the dumps due to high inflation, many people are increasing their savings as well as decreasing their discretionary spending. Also, stressed global supply chains will keep costs for discretionary products high which will affect sales. Jim and Dan recommend this ETF weighted heavily in the Consumer Discretionary sector as lower sales volume will have a depressing effect on gross margins and send its share price lower.

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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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