Hey friend,
We got the usual weekly jobless claims this morning, which showed edged downward slightly, coming in just a hair below expectations,
We also got the latest trade deficit numbers, which showed the deficit contracting significantly to $54 billion – compared to the expected $70+ billion.
But again, all eyes are mainly on the Iranian conflict, which shows no signs of letting up.
Tomorrow is a big day for the economic calendar though, with GDP, PCE, job openings, and consumer spending and sentiment data on the menu.
The Daily Direction
Note: All indexes closed marginally lower yesterday and opened lower again today, keeping all short and medium-term directions in the red.
The Daily Nugget
When you the environment permits, look for the outliers.
Warren Buffett says, “only when the tide goes out do you see who’s been swimming naked”.
When everything is going up, it’s easy to look like a genius.
A rising tide lifts all boats.
But when the tide goes out – or even just temporarily recedes – that’s when you see who really has skill, and who doesn’t.
For the past few months, the broader market has been a frustrating sideways grind.
Broad momentum just isn’t there. The tide isn’t rising.
And that means, those who can outperform in this market are the true outliers…
The ones with real skill.
Sure, it’s always better to have a rising tide.
But in times like now, you can use it to filter for the outliers.
Because while the market has been chopping around sideways…
Head Trader Ross Given’s special stock-picking method could have had you sitting on open gains of 50+% right now.
As well as pocketed returns as high as 413% in just 8 months in the past.
He’ll share more about this tomorrow morning, so keep an eye out in your inbox for that.
In the meantime, if you want to see which discounted AI stock he believes could be next year’s winner…
The Traders Agency Team
