Hey friend,
The CPI numbers came in this morning.
The topline CPI number came in higher versus expectations on a monthly basis – 0.4% actual versus 0.3% expected.
However, annual figures came in bang on in line with expectations – and so did the Core CPI numbers (on both a monthly and annual basis).
Plus, we got the weekly jobless claims numbers, which came in significantly higher than estimates.
Taken as a whole, this may give the Fed the “all clear” to cut next week.
Let’s see how markets have been moving.
The Daily Direction
Note: Most indexes except the Russell 2000 closed slightly higher yesterday. But they all opened higher this morning and have been moving higher throughout the day as well – keeping all index directions in the green.
The Daily Nugget
All top traders have their own area of expertise.
Despite what some may have you believe, no top trader is an expert on all areas of the market.
They all have their own domains of expertise.
Maybe it’s a specific asset – like futures, commodities, or bonds…
Or maybe it has to do with a broad strategy.
For instance, Head Trader Ross Givens’ broad strategy is always “follow the money”.
That’s his area of expertise – and as he’s kept refining it over the years…
His trading has only gotten better and better.
That’s one reason why you should be very skeptical of traders claiming they can “do it all”…
Because true expertise can only come from going deep.
The world’s top money managers don’t suddenly switch out of their domain of expertise.
Warren Buffett won’t suddenly become a quant or a swing trader.
That’s how the best become the best.
They stick to what they know – and become progressively better at it.
That’s what the top traders do…
And that’s what Ross does.
And tomorrow, Friday morning, at 11 a.m. Eastern…
He’s going LIVE to show you a strategy he’s been refining for nearly a decade now…
A strategy that’s never had a losing year (even in the 2022 bear market)…
And one that has delivered gains like 520% on REZI, 1090% on CDLX and 1,787% on MDTR.
So click here to register for Ross’ live masterclass Friday…
And he’ll see you tomorrow 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
