Hey friend,
Stock markets were closed yesterday in remembrance of President Jimmy Carter.
We had a raft of Fed officials give speeches yesterday – with the main gist being more cuts are likely, but it all depends on how inflation progresses.
This morning, we had the latest December employment data come in. And it smashed estimates – showing 256,000 jobs added versus the 153,000 expected.
Markets opened sharply lower in response on worries that this would make the Fed more hesitant to cut.
The Daily Direction
Note: Most indexes closed slightly higher on Wednesday, with the exception of the Russell 2000, which closed slightly lower. All indexes opened lower today after the hot employment report. No change in any index directions.
The Daily Nugget
If you don’t know how to peer “under the hood” of the market, you’ll always be one step behind.
For a surprising number of traders, they’re primary concern is whether it’s a “bull or bear” market.
And while that’s obviously important, it’s also just… obvious.
And when it comes to individual stocks, the only thing they know is whether the stock is trending up or down.
Again – obviously important yet also just obvious.
That’s why so many of them are so far from the success they want.
The harsh truth is, if traders who don’t know how to peer “under the hood” of the market – or individual stocks – will always be one step behind.
It’s like someone trying to compete at a used car auction – with zero knowledge of how the insides of the cars actually work.
That’s why it’s so important to have a knowledgeable guide like Ross Givens on your side to successfully navigate the ever-changing markets.
Keep staying up-to-date with these newsletters – and you’ll stay ahead of the vast majority of traders out there.
A new trading week full of opportunities starts again Monday.
In the meantime, enjoy your weekend.
The Traders Agency Team
