Hey friend,
We got the latest Producers Price Index data this morning.
It came in extra hot – at a blistering 3.4% annual pace and 0.7% monthly pace…
Significantly ahead of expectations, and this is before factoring in the Middle East situation.
The Fed will also release its rate decision at 2 p.m. Eastern today…
Where it’s almost certain to hold rates steady.
But when Fed Chair Powell holds his press conference half an hour after, what he says could still have a huge impact on markets.
The Daily Direction
Note: All indexes closed slightly higher yesterday but opened lower today. No change in any index directions.
The Daily Nugget
Don’t let your ego interpret the data.
There’s always lots of data to be gleaned from the markets.
Most beginner traders face one problem – they don’t know what data to be looking for, or where to find it.
But more experienced traders? They face a different problem…
And that problem is interpreting that data objectively and without ego.
As the saying goes, there’s “lies, damned lies, and statistics”.
If you’re experienced and knowledgeable enough, you can always interpret the data according to what you want to believe…
And then rationalize it to yourself.
This is the trap most traders don’t realize they’re falling in even as they improve.
And if you want to see what the data is telling Head Trader Ross Givens now…
Then join him LIVE in just a bit at 3 p.m. Eastern later today…
Because he’ll break down where the data is pointing toward select breakout opportunities that most people aren’t seeing.
The data-driven strategy he’ll be demonstrating has delivered gains like 155% in 150 days…
212% in 165 days…
424% in less than six months…
And even 524% in 13 months…
So you don’t want to miss his free strategy session later.
Again, click here to guarantee your seat if you haven’t yet…
And he’ll see you in just a bit at 3 p.m. ET.
The Traders Agency Team
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
