9/12/2022
By Charles Payne CEO & Principal Analyst

Last week began according to script, but midway through, the tide turned. Resolve returned, as each session had flash points that might have triggered widespread selling on Monday, but instead, it found buyers.

These were mostly spec buyers, but they were not making wild guesses. They are looking deeply at signs that inflation has peaked enough to get the Fed to think more about pausing than they would admit in public. Like most weeks, positive leadership came from the most depressed names, although there is still enough buying in defensive names to illustrate there are two camps:

• Cautious buyers
• Aggressive buyers

To read the full report contact your account executive or email Research@wstreet.com. 

Charles Payne
Wall Street Strategies

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