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Momentum Trading Strategy, Trump Cancels Kim Meeting | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses how stocks are moving in the wake of news that President Trump has cancelled his meeting with North Korean leader Kim Jung Un and later recaps the latest macroeconomic data.

On the second half of the show, Ryan is joined by Zacks momentum guru Dave Bartosiak to talk trading strategies in today’s market.

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Free Lunch is a brand new show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.

Stocks opened lower on Thursday after President Trump issued an open letter to Kim Jung Un, explaining that the North Korean leader’s “tremendous anger and open hostility” in recent statements has forced him to cancel a scheduled meeting between the two political figures.

In other major U.S. news, Initial Jobless Claims returned to levels seen consistently over the past few years, and the Fed announced that it would temporarily allow inflation to run above the target 2% rate in order to maintain the economy’s strong growth cycle. Ryan explains all of this, and more, in the first half of today’s show.

Later, Ryan is joined by Dave Bartosiak, editor of the Zacks Momentum Trader portfolio service. Some of the latest additions to the portfolio include Callaway Golf (ELY - Free Report) , CryoLife (CRY - Free Report) , Attunity (ATTU - Free Report) .

Dave explains the basic strategy of the Momentum Trader portfolio and points to where investors can find strong momentum in today’s range-bound markets. He also suggests sticking to a small-cap focus as we head into the second half of 2018 soon.

Check out the show to hear more about his momentum trading strategy!

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