Market conditions these days are best described as ‘unsettled.’ Inflation was lower in the October print, but remains stubbornly high, while the Fed’s reactive interest rate policy is pushing up the price of capital, but has not yet constricted retail or other purchasing activity – or inflation. Other headwinds include continued bottlenecks in global supply chains, made worse by recurring COVID lockdown policies in China, and the ongoing Russian war in Ukraine. So, should investors stick to defensive approach? Not according to Ari Wald, head of technical analysis at Oppenheimer. Wald believes investors should forego the obvious defensive strategy and move toward offensive stocks.
https://www.tipranks.com/news/article/waiting-for-a-breakaway-oppenheimer-says-these-3-stocks-are-poised-to-soar?utm_source=advfn.com&utm_medium=referral