20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In an unwelcome trend for U.S. households, the impact of inflation continues to grow. Despite a deceleration in the rate of price increases, the cost of living remains much higher than pre-pandemic levels.
What Happened: A recent Bloomberg report reveals that what used to cost $100 now demands $119.27, indicating a significant inflationary impact. This has been felt across all aspects of household budgets, with groceries and electricity prices soaring by 25%, used car prices escalating by 35%, and rents climbing approximately 20% since 2020.
While the government’s reports suggest that the inflation rate is slowing, they offer little solace to the American people as they do not indicate a return to pre-2020 price levels.
See Also: S&P 500 Flirts With Key Resistance, VIX Drops, Nvidia In Focus: What’s Driving Markets Wednesday?
Housing affordability is at its worst, and borrowing costs for auto loans and credit cards have hit all-time highs. Even though many Americans have seen salary hikes since 2020, the inflationary trend has eaten up these extra earnings, leaving the average American no better off than before.
This frustration over high prices and borrowing costs might influence the outcome of the 2024 presidential election. A recent Bloomberg News/Morning Consult poll shows that the economy is the primary concern for four out of ten voters in swing states.
Read Next: Why S&P 500, Nasdaq Are Set To Rebound Today
Image via Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!