Trade Alert: Clearance Prices For This Retail Stock Are Going Lower

Even if the economy is not technically in a recession, growth is unquestionably weak-to-negative, and the U.S. is likely to be in a recession later this year because of continued monetary tightening by the Fed. That’s bad news for big box store retailers that rely on high consumer discretionary spending. Jim and Dan recommend a put spread on this long-time retailer as Fed tightening will cause a recession that destroys consumer demand and deal a devastating blow to its business model and share price.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Crash Speculator, Gold Speculator and Tactical Currency Profits. An Ex-CIA insider, he is also an American lawyer, economist, government advisor and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the...

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