Rally Or No Rally, Rates Still Have Higher To Go

 Since the Federal Reserve reversed course and said they will start to taper their $120 billion a month QE program we have seen rates begin to move higher. Obviously, higher rates have hurt technology stocks and their valuations recently. So now that the sharp correction/pullback in stocks has subsided, many talking heads in the financial media think that the Federal Reserve will be on hold as far as interest rate increases go.

Silver (SLV) Jumps Despite U.S. Dollar Strength

While the major stocks indexes are coming under heavy selling pressure silver is on the move higher. Today, the iShares Silver Trust (SLV) is trading higher by 2.17% to $21.66 a share. This pop in the  iShares Silver Trust (SLV) comes despite the near term strength in the U.S.

CSX Corp Is Finally Pulling Back, Watch This Level

Railroad stocks have been very strong to start 2022. In fact, railroad leaders such as Norfolk Southern Corp (NSC), Union Pacific Corp (UNP) and CSX Corp (CSX) just made new all time highs last week. At the start of this week the railroad stocks have come under some sharp selling pressure.

Shake Shack Inc (SHAK) Drops Again, Here’s The Trade

Leading restaurant stock, Shake Shack Inc (SHAK), has been coming under selling pressure since early 2021. On January 27th, 2021, the popular restaurant stock traded as high as $138.38 a share. Since that major top, the shares have declined below their 200-week moving average and now trade at $67.02 a share.