Hey friend,
We got the CPI data this morning, which came in at 2.7% annually – right in line with expectations.
Core CPI – which excludes food and energy – came in at 2.9%, slightly below estimates.
A New York state manufacturing survey came in far ahead of expectations, which might indicate most analysts are underpricing the strength of the US economy.
Tomorrow we get producer prices.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed slightly higher yesterday and opened higher today – though they’ve been moving lower through the day. Still, no change in any index directions.
The Daily Nugget
Good markets still require good habits.
One of the core skills of trading is emotional discipline…
The ability to stick to good trading habits – despite everything the market throws at you.
But in strong bull markets, like the one we are in now…
It’s easy to let these habits slip.
“Just this once”, you tell yourself…
Rationalizing that it’ll be “fine” because the market is so strong.
But that’s how bad habits form – when they don’t hurt right away.
Strong markets can mask sloppy trades.
They reward risk… until they don’t.
And when conditions shift, the traders who stayed sharp are the ones ready for what’s next.
Discipline isn’t just for tough markets.
It’s what keeps you ready – no matter the tape.
The Traders Agency Team
P.S. Yesterday morning, Head Trader Ross Givens went live for a nearly three-hour strategy session where he dove deep into the markets…
Showing exactly what he’s seeing from a macro perspective, all the way down to specific sectors and stocks.
It was 100% education – no pitch whatsoever.
Those who attended have been absolutely raving about it.
The live presentation was for members only, but the content was so valuable we knew we had to make it available to our entire community.
