Let’s see how markets have been moving.
The Daily Direction
Note: Expectations for cooling inflation and the start of the second-quarter earnings season lead to an upward close yesterday – sending all index directions back into the green.
The Daily Nugget
It’s the things we don’t know we don’t know that are dangerous.
Donald Rumsfield famously called this the “unknown unknowns” – the things we don’t even know we don’t know.
In trading, this could be things like surprise earnings announcements, mergers and acquisitions, new product launches.
All these can have a big impact on a stock’s price (both positive and negative).
This means the more we can reduce these unknown unknowns, the more successful we’ll be as traders (though you can never get rid of them entirely).
That’s why Ross Givens has perfected a strategy for eliminating many of these “unknown unknowns” – and converting them into profits.
It’s a strategy that’s been responsible for some of the biggest gains he’s ever delivered to his members…
The Traders Agency Team