Hey friend,
After yesterday’s CPI data, we got producer prices this morning.
It showed a 0% increase on a monthly basis – compared to the expected 0.2%.
That’s good news.
We also got the usual weekly jobless claims.
This time, claims spiked a little to 209,000 – above last week’s numbers and expectations.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed slightly lower yesterday but have been moving higher today. All index directions remain upward.
The Daily Nugget
Skin in the game beats a strong opinion.
Markets are full of opinions.
Analysts issue upgrades.
Fund managers go on TV.
Executives talk up their companies.
Sometimes they’re right.
Sometimes they’re not.
But there’s a big difference between saying you like something…
And putting your own money into it.
That’s why actual transactions are worth paying attention to.
If somebody says a stock is undervalued, you can listen.
If that same person then buys $500,000 worth of shares?
Now you have another piece of information.
It still doesn’t mean you should follow them in.
They could be early.
They could be wrong.
And their situation may be completely different from yours.
But money forces a decision in a way an opinion doesn’t.
So when you’re researching a stock, don’t just ask what people are saying about it.
Check whether anyone worth watching is actually putting actual capital behind those words.
Then run the trade through your own process.
Ross Givens is going LIVE to unveil a brand-new tool he and his team have spent months building around this kind of market intelligence.
It goes well beyond the corporate-insider activity Ross normally tracks…
And will let you see what politicians, executives and other elite market players are actually trading.
Ross will also reveal some of the top stocks U.S. representatives are trading right now.
Click here to reserve your free seat for tomorrow’s LIVE briefing.
Ross will see you Friday morning at 11 a.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
