[Charts] Credit, Crappy Bikes, And Supply Gluts?

You're receiving this email as part of your subscription to Lou Basenese’s Trend Trader Daily [Unsubscribe](. [Trend Trader Daily] [Charts] Credit, Crappy Bikes, And Supply Gluts? Friday, August 26, 2022 When Fridays roll around in the Trend Trader Daily Nation, we roll out the charts. All it takes is a quick glance — and you’ll be up to speed and poised to profit from the market’s most important trends. This week, I’m dishing on: - For all the holdouts who refuse to accept we’re in a recession, I’m sharing one obvious sign that all is not well with consumers. - The one pandemic stock that should be left for dead. Period. - And one irrefutable sign that the worst of the pandemic-induced supply crunch is behind us. So without further ado… > 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 — along with a unique solution. [Details here.]( No Debt Forgiveness Here The President might be all too willing to forgive student loan debt, but no one’s going to forgive credit card debt. No matter how high it soars. And make no mistake, it’s soaring again! (click image to enlarge) Blame it on the end of stimulus checks. Blame it on runaway prices. Blame it on whatever you please. But it doesn’t change the fact that open credit card balances ballooned at the quickest pace in decades (+13%) in the most recent quarter. While balances remain below pre-pandemic levels, this debt is going to keep getting bigger and more expensive to carry, as the Fed hikes interest rates. It also represents a clear sign that all is not well with our consumption-based economy. Even if unemployment remains at historic lows. Put more simply, keep a close eye on this data to glean the future direction of the economy. Continued surges will contribute to a longer, not shorter recession. Speaking of recovery… Wheels Off Investors bid up shares of the (still) overpriced maker of internet-connected stationary bikes, Peloton Interactive, Inc. (PTON), on news of a partnership with Amazon.com, Inc. (AMZN). The 20% surge proved rightfully short-lived, as Peloton reported quarterly results a day later, which definitively showed that the company’s business is doomed, [as I’ve been telling you]( for a while now. (click image to enlarge) Sales continued to fall, costs continued to rise, churn doubled, all of which contributed to the sixth consecutive quarter of losses for the company. Even if Amazon decides to acquire the company, like many bagholders are speculating and praying for, it’s going to be at a much lower stock price, or possibly even out of bankruptcy. Bet on it! More Inflation Relief Ahead Forget worrying about toilet paper, hand sanitizer, or whatever other shortages irked you the most during the pandemic. Based on the latest reading of the RSM index, which synthesizes a bevy of supply-chain-related data from various government and private industry economic reports into a single number, they promise to be a thing of the past. Admittedly, the index isn’t foolproof. But the trend is reliable and undeniable, as you can see. (click image to enlarge) The upshot? I’ll let RSM chief economist Joseph Brusuelas share it: "This will cause a further easing in inflation and bolster overall growth in the current quarter.” And that’s nothing but good news for the economy, and in turn, the stock market, as I’ve explained before [here](.   FOR TREND TRADER PRO READERS ONLY > [LEARN MORE]( < Ahead of the tape, Lou Basenese Founder & Chief Investment Strategist   Copyright © Trend Trader Daily, All rights reserved. You signed up on []( Our mailing address is: Trend Trader Daily 301 S. Perimeter Park Dr. Suite 100 Nashville, Tennessee 37211 [Update Subscription Preferences]( | [Unsubscribe from this list]( RISK NOTICE: All investing comes with risk. That includes the investments teased in this letter. You should never invest more than you can afford to lose. Please use this research for the purpose that it's intended — as research only. You should consult a professional financial advisor before ever taking a position in any securities you see herein. SECURITY HOLDING NOTICE: Although we are never compensated from any companies for coverage, you should be aware that Trend Trader Daily, its authors, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication. While authors might actively transact in the securities mentioned, they will always have a net position that is consistent with the position set forth in our research reports, letters and updates. DISCLAIMERS: The work included in this communication is based on diverse sources including SEC filings, current events, interviews, corporate press releases, and information published on funding platforms, but the views we express and the conclusions we reach are our own. As such, this content may contain errors, and any investments described in this content should be made only after reviewing the filings and/or financial statements of the company, and only after consulting with your investment advisor. Actual results may differ significantly from the results described herein. Furthermore, nothing published by Trend Trader Daily, Inc should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. Trend Trader Daily is an independent provider of education, information and research on publicly traded companies, and as such, it accepts no direct or indirect compensation from any companies or third parties mentioned in any of our letters, reports or updates.