The latest jobs data shows the labor market may be cooling – which is what the Fed wants to see.
Yes, indexes may have closed lower yesterday…
But this is overall good for the market.
Non-farm payrolls data came in earlier this morning – so we’ll see how the market digests this info over the next few days.
The Daily Direction
Note: All indexes closed lower yesterday – but as you can see, the Daily Direction table remains a solid sea of green.
The Daily Nugget
Paying attention to too many market narratives is deadly for your trading account.
Is the economy in for a hard landing or soft landing?
Can stocks really keep going up when so many ordinary Americans are still feeling the pinch?
Financial markets and the economy are full of endless narratives – many completely opposed to each other.
Allow yourself to fall down that narrative rabbit hole…
And you may find yourself trapped in permanent indecision – which is death for a trading account…
The good news is – you can let the “smart money” decide for you.
Because by following the secretive trades of the institutional investors, you can potentially use their money to ride big stock moves to the top.
Ross Givens developed a complete strategy for doing so after years in the heart of Wall Street…
The Traders Agency Team
Even Bill Gates himself has said that generative AI has “peaked” and that the next version of ChatGPT won’t be much better than the current version.
So where will the next wave of AI innovation – and profits – come from?