Frank Petricca
Frank Petricca is writer of “Petricca’s Pick” focusing on a Long Term approach for commodity traders that have an interest in Long term accumulation. Frank has worldwide recognition spurring innovation that points to communicating a different way to approach ones investment portfolio using commodity instruments. Contact Frank at 312-690-7763.
Petricca’s Pick 09/13/2023
E-mini NASDAQ 100 update
Yesterday’s post recommended Long-Term short NASDAQ 100 positions.
The E-mini-NASDAQ 100 closed sharply lower yesterday at 15475.75 basis December.
An interesting article from “DAILY MAIL” came out yesterday…
The headline read –
“U.S. CONSUMER SPENDING SET TO SHRINK FOR THE FIRST TIME SINCE THE PANDEMIC.”
These numbers come as Treasury Secretary Janet Yellen said last weekend, she was confident inflation would come down without dragging the U.S. into harmful recession.
I don’t know about you, but my disposal income has dissipated. Friends that I’m in contact with tell me they are cutting back in terms of entertainment and the like.
Facts are the facts…
Some 56% of 526 investors surveyed by Bloomberg said consumption would most likely drop in the first quarter of 2024.
Meanwhile, 21% said the tipping point could arrive sooner, in the fourth quarter of 2023.
The tipping point just got worse…
Minutes ago, the August Consumer-Price Index came out.
The report showed headline inflation rose 3.7% in August from a year earlier.
The Mini-NASDAQ 100 is trading 2000 lower at 15,288.75.
Again, please call me personally for entry levels and for more information regarding my Long-Term Strategies. 312-690-7763
Have a great year trading…
Best
Frank.
Questions? Ask Frank Petricca today at 312-690-7763.