Todd Gordon breaks down the charts in Sharkninja.
There has been a resurgence in talks of a coming recession from various factors including an uptick in unemployment, the yield curve coming out of inversion, and continued elevated borrowing costs despite the initial Fed rate cut expected in September. We'll discuss an under-the-radar consumer stock bucking these pressures. A quick look at the Consumer Discretionary Select Sector SPDR ETF you'll see the group has lagged the broader averages. But that's not the whole story.
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