Next Week’s Fed Meeting Sets the Tone for 2022

In today’s video, I’m breaking down next week’s Fed meeting, and talking about the other challenges on the horizon. 

This week’s lackluster GDP reading is a problem for everyone involved at the central bank. 

As supply chain woes accelerate, we are now facing a potential contraction in the first quarter if the logjam is not addressed. 

The problem – as I’ve said for months – is that market incentives have distorted traffic at the ports, and the ongoing 40-year decay of U.S. supply chains because of outsourcing have created impossible conditions.

Watch the video to learn more.

Position Updates

We’ve exited positions in the Brink’s Company (NYSE:BCO), American Axle (NYSE:AXL), Harmony Gold (NYSE:HMY), and Skechers (NYSE:SKX) in the last few days. 

We had 100% wins on our BCO option and another big gain on SKX today. 

That leaves us with one open position right now. It’s Fiserv (NASDAQ:FISV), which we entered this morning. 

As I explain, this company is the pipeline of the financial system, and there was a massive overreaction over a lost customer (it was likely Plaid) that had no impact on revenue. 

Fiserv moved back above $100 today, but has since pulled back. I think that this stock can get back to the $110 level by its options expiration date.

Our new trade opened today, so check your inbox for the trade. 

I’ll be back on Monday with a new watch list as we continue through earnings season.

Have a good weekend, 

Garrett Baldwin

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