Hey friend,
Nothing on the economic calendar today, just more Fed speeches.
Tomorrow though, we get some major private sector employment data.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed flat yesterday but have been moving sharply lower today on expectations that the conflict could be more drawn out than initially anticipated. All short and medium-term directions are now downward.
The Daily Nugget
In the fog of war, you just need to be able to see a little more ahead of others.
Markets are almost literally in a fog of war right now, thanks to the situation in Iran.
No one really knows how the situation will play out – not even those in the White House.
There are simply too many variables at play.
There’s the possibility of global commerce getting choked off by the closure of the Strait of Hormuz…
Persistently high oil prices which would spill over into inflation – which affects the chances of rate cuts.
And of course, there’s a potential “flight to safety” for speculative assets.
Like we said, too many variables at play…
A veritable fog of war.
And the winners in a “fog of war” environment?
Those who have the ability to see just a little further ahead of others.
They don’t have to know all the outcomes…
They just have to be able to peer just a little deeper into the fog – because remember, the market is a relative game.
So if you want to get a bit of an advantage in this uncertain, turbulent market…
Then click here to read Head Trader Ross Givens’ post on how you could benefit from the situation.
The Traders Agency Team
