You're receiving this email as part of your subscription to Lou Baseneseâs Trend Trader Daily [Unsubscribe](. [Trend Trader Daily] [Charts] Inflation Drop, Stock Pop Friday, August 12, 2022 When Fridays roll around in the Trend Trader Daily Nation, we roll out the charts. All it takes is a quick glance â and youâll be up to speed and poised to profit from the marketâs most important trends. Today, Iâm abandoning my negative tone of late to share decidedly positive developments. Ones that we fully expected to come to pass. So hereâs to the sweet taste of vindication concerning inflation and tech stocksâ¦ > ADVERTISEMENT < Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast He predicted the 2020 crash a month before it happened... He predicted this year's collapse back in January... And now, he's issuing a brand-new warning â along with a unique solution. [Details here.]( Nabbed! I previously referred to inflation as the [thief that robs us all](. And after pick-pocketing us all for months, this criminal finally got pinched. Case in point: The latest monthly Consumer Price Index (CPI) reading checked-in unchanged, after rising 1.5% in June. The year-over-year rate of increase cooled, too â down from 9.1% in June to 8.5% in July.
(click image to enlarge) Admittedly, weâve still got a ways to go until inflationâs definitively tamed. Or as Axios reports, âOne month doesn't equal a trend, but there are hints that inflation might be starting to turn.â Hints?! The cooldown in costs for shipping containers, chips, fertilizer, and a growing list of other key inflation inputs are more than mere hints. But letâs not split hairs here. In the end, whatâs most important is this: the latest inflation reading represents progress. As Iâve [shared before](, progress remains key. And weâre progressing precisely as predicted â from inflation to recession to (hallelujah!) a stock-market rebound... Tech Resurgence Youâll recall, I told you âthe next thing to follow once a recession starts is a stock market rebound.â And itâs here! In fact, the S&P 500 index hit its highest level in three months after this weekâs inflation report. Tech stocks, represented by the Nasdaq index, fared even better. Believe it or not, we officially entered a new bull market.
(click image to enlarge) Of course, this development should surprise no one here. Why? Because tech insiders were tipping us off to a turnaround for months. As I [shared]( about a month ago, âThe insider buying-to-selling ratio has never been this high in the last decade.â
(click image to enlarge) Back then, I told you weâd be wise to follow their lead. I hope you listened. If you didnât, you should now! FOR TREND TRADER PRO READERS ONLY
> [LEARN MORE]( < Ahead of the tape, Lou Basenese
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