Hey friend,
If you missed yesterday’s edition, it was due to some technical difficulties – which we apologize for.
Moving on, consumer inflation data just came out a few minutes ago.
Because this could significantly influence the timing and magnitude of the Fed’s rate cuts, expect the market to take some time to digest this data.
In the meantime, let’s see how markets have been moving.
The Daily Direction
Note: Indexes closed mixed yesterday, with the Russell 2000 and the Dow closing higher but the S&P 500 and the Nasdaq closing marginally lower. Still the entire Daily Direction table remains firmly in the green.
The Daily Nugget
Huge diversification myth – only diversification can protect your downside.
People who are biased against trading love parroting the line that “diversification will protect your downside” – advising against holding a more concentrated portfolio.
But the truth is, they’re just too lazy to properly manage their own portfolio…
Because all you need to do to protect your downside while holding a concentrated portfolio is to simply stick to your predetermined stop losses.
And this concentrated portfolio actually has far greater upside potential – because by definition, an overly diversified portfolio can only deliver average returns.
So don’t be fooled by this huge diversification myth and handicap your own potential.
No skilled trader is out there focusing on hundreds of stocks. They’re focusing on the highest-potential bets while keeping any losses small.
That’s how you win.
Right now, the highest-potential bets are in small-cap stocks.
And that’s why later today at 12 p.m. Eastern…
Ross Givens is going LIVE for a masterclass that will allow you to target the market leaders in small-cap stocks…
A strategy that could have allowed you to pick up recent fast gains of 45%, 37%, and 53%.
But this could just be the start, as small caps look to be on the verge of a breakout.
So make sure you click here to confirm your spot for Ross’ masterclass later…
And we’ll send you the login details in just a bit.
The Traders Agency Team