Hey friend,
After yesterday’s rate cut, we got the weekly jobless claims numbers this morning, which came in lower than expected.
We also got leading US economic indicators, which showed a decline in August – compared to a slight rise in July.
Let’s see how the markets are reacting.
The Daily Direction
Note: Indexes closed mixed yesterday, with the Russell and Dow closing slightly higher while the S&P 500 and Nasdaq closed slightly lower. However, they all opened strongly higher today. No change in any index directions.
The Daily Nugget
Even the biggest news can turn into a distraction.
As expected, the Fed has cut rates.
Powell struck a hawkish tone…
And with some Fed governors pushing for a bigger rate cut – and others, no rate cut at all…
You can expect the financial news headlines to be dominated by what the Fed is going to do at its next meeting.
Sure, no doubt that will be a critical market-moving event.
But that doesn’t mean that obsessively focusing on it now – when it’s still six weeks away – isn’t a distraction.
Will obsessing over what the Fed might do six weeks from now help you make money today?
No, it won’t.
The smart money isn’t either.
Sure, their talking heads may put out reams of “Fed commentary” to keep the news placated…
But their actual traders are busy going after the opportunities now.
And tomorrow, Friday morning at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE to show you a time-tested strategy for tracking down these smart money flows…
And following them into stocks that are poised for an explosive move higher.
Ross’ strategy has led to wins of 51% in 15 days… 77% in three weeks… and even 87% in just 24 hours.
And tomorrow, he’ll walk you through it step by step…
And even share details of some fresh opportunities the smart money is piling into right now.
So just click here to register for Ross’ live training session Friday…
And he’ll see you at 11 a.m. ET tomorrow.
While everyone is still focused on what the Fed may or may not do next…
You could be taking advantage of the torrent of money that is still flowing beneath the surface.
The Traders Agency Team
