Hey friend,
We got the big PCE report a couple hours ago, which came in at 2.3% – slightly ahead of estimates (although Core PCE was in line with estimates).
We also got more employment, GDP, and consumer spending data.
Essentially, we got negative GDP growth for the first time since 2022, employment data was way below expectations, and consumer spending was up.
Indexes opened sharply lower in response.
The Daily Direction
Note: Indexes closed higher again yesterday. But after this morning’s price action, the short-term directions for the Dow and the Russell 2000 have slipped back into the red.
The Daily Nugget
Watch what the market is doing – not what people say.
Consumer sentiment about the stock market just hit its lowest level in nearly 15 years.
But if you look at the recent price action, it tells the complete opposite story.
That kind of disconnect isn’t new.
As Head Trader Ross Givens said this morning – price moves first, belief comes later.
People are still nervous… still skeptical.
But while they’re waiting for permission to feel bullish again, some stocks are already making real moves.
Smart traders don’t wait for “permission”…
They position themselves early, while the retail crowd are still sitting on the sidelines.
That’s why in just a few hours at 3 p.m. Eastern…
Head Trader Ross Givens is going LIVE to show you how to use his proprietary “Profit Triggers” to get in early…
So you can take advantage of the rush of buyers that come in after.
These “Profit Triggers” could have delivered gains like:
- $1,072 on Urban One in seven days…
- $1,913 on Deswell Industries in two weeks…
- And a huge $2,866 on Inotiv Corp in only 14 days
But with current market conditions, this could be on the conservative side.
So, if you haven’t done so already…
Click here now to ensure you’ll be able to enter the live room later…
And Ross will see you at 3 p.m. ET. Don’t be late.
The Traders Agency Team
