Buy 3 Momentum Anomaly Stocks as Inflation Pinches Market

In what appears to be the first major setback in 2024 for the broader equity markets, stocks mostly trended down and traded near the flat line yesterday owing to higher-than-expected inflation data. The consumer price index increased 0.3% in December month over month and 3.4% on a year-over-year basis compared with broader expectations of a 0.2% and 3.2% rise, respectively, primarily driven by higher rents and food prices. This portrays that the Federal Reserve’s efforts to slow down inflation to its 2% tar ...