Hey friend,
We got the usual weekly jobless claims this morning, which showed a jump to the highest level since June.
We also got manufacturing and services data. Services came in slightly under expectations, but manufacturing was a surprise – showing the fastest expansion since 2022.
Finally, leading economic indicator data showed a slight slowdown – pretty much in line with expectations.
Tomorrow, Fed Chair Powell speaks at Jackson Hole.
Expect what he says to move markets.
The Daily Direction
Note: Indexes closed largely lower yesterday, with the exception of the Dow, which was flat. And they generally opened lower today. The short-term direction for both the S&P 500 and the Nasdaq flipped downward.
The Daily Nugget
Very few people actually want the “little guy” to win.
It’s tough being a retail trader – very few actually want you to win.
Your broker doesn’t care – they take their spread either way.
And while the big banks and institutions say they want to support the “consumer” and the economy…
The truth is they’re either the ones taking a spread…
Or they’re the ones standing on the other side of the trade – meaning if the “little guy” loses, they win.
Often, it’s both.
That’s the cold hard reality of the market…
The reality Head Trader Ross Givens glimpsed during his time in the “belly of the beast” on Wall Street.
And here’s what makes the truth even more bitter…
It is highly unlikely there will ever be a time where the power dynamics are flipped…
Where the “little guy” holds the advantage over the big dogs.
It’s a waste of energy fighting this reality.
That’s why smart traders use it to their advantage instead.
And that’s why tomorrow morning at 11 a.m. Eastern…
Ross is going LIVE to show you how to trade like these “in the know” traders…
The ones exploiting the “little guys” and the market’s fear…
The ones banking it in while others are panicking.
The strategy Ross will be demonstrating exploits an SEC loophole to find stock wins of 131%, 670%, and even 1,560%.
And with a wave of unwarranted fear set to slam into the markets, now is the best time to use it for yourself.
So click here to register for Ross’ live strategy reveal tomorrow…
And he’ll see you Friday morning at 11 a.m. ET sharp.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
