2024-05-19 23:14:35 ET
Summary
- CPI data for April came in lower than expected, Retail came in cooler as well, causing a sell-off in consumer-discretionary stocks.
- Stocks focused on services, particularly travel and entertainment, have potential to recover from recent losses.
- Opportunities for investment and trading can be found in stocks like Airbnb, Uber, and Affirm, despite recent sell-offs.
CPI came in cooler than I expected
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April Retail Sales Down And Stocks Sold Off, I See Opportunities