#48/2023 - Crucial Inflation Data This Week | Teekay Made Profit

Trading Tips With Jim Stromberg

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1y ago 30:49

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On Thursday, crucial inflation data will impact the market with the release of the Personal Consumption Expenditures (PCE) numbers. This could either boost or sink the market, as it will guide the Federal Reserve on whether to increase interest rates or not.

The Nasdaq continues to push into overbought territory, while the number of buy signals is gradually decreasing. Gold is again over $2,000, and in this week's podcast, Jim will delve deeper into the topic of gold.

In the $1,000 challenge, Teekay managed only a 2.69% gain, as Jim aims to double the value of the portfolio by Christmas. With only four weeks left, there's still a long way to go, as the portfolio has only seen a 15.8% gain since the start of this fall.

Want to know this week's bet? Tune in

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