Swing Trade Update
(Emailed yesterday and posted to Discord.)
#IONQ Update,
5-12-25: $33.15 entry.
Added at $38.25.
Obviously an incredible move +44% as of this moment...
I am planning to exit the position before the end of the day, or with a trailing stop loss to $47, whichever comes first. These stocks have been very tricky to trade, we nailed a winner, let's book it today.
Congratulations to everyone who took the trade, added and booked a great profit.
Pete
// This Week’s Key Themes
Inflation On The Horizon?
Here's what's happening with the US economy right now: businesses are feeling a bit more optimistic after hitting a rough patch in April, but it's a complicated story. While companies are breathing a little easier thanks to a temporary pause on new tariffs, they're also scrambling to stock up on supplies before that 90-day reprieve ends in July.
This rush to buy has created the biggest inventory buildup in 18 years and is causing supply chain headaches not seen since the pandemic. The real kicker? Prices are spiking at their fastest rate since August 2022 as companies pass tariff costs onto customers, which could mean higher inflation is coming down the pike.
Economic growth is crawling along at just 1% annualized for the second quarter, and exports are getting hammered—especially services exports, which just posted their worst drop since early 2020. The Fed is staying put on interest rates for now, but with this price pressure building, don't expect any rate cuts anytime soon.
The forecast team thinks we're looking at a sluggish 1.3% growth for 2025, which would be the weakest showing since the financial crisis if you exclude the pandemic year.
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