Welcome to the fourth quarter of 2023. Here’s what happened to the indexes during the third quarter:
- S&P 500 is down 3.6%
- NASDAQ is down 4.1%
- Dow Jones is down 2.6%
- Russell 2000 is down 5.5%
The Daily Direction
Note: With the exception of the NASDAQ, all indexes ended lower on the last trading day of the month/quarter. The Fed’s preferred inflation gauge – the PCE – came in slightly better than expectations, but sentiment was dampened by the possibility of yet another government shutdown.
The Daily Nugget
Being able to gauge the level of “fear” in the market is a very useful skill.
The level of market fear can be a contrarian signal.
When there’s more fear than greed, the market tends to go down – like it has for the past couple months.
But when there’s too much fear…
When all the optimism has been sucked out of the market…
That’s often one of the best times to strike.
As Warren Buffett said, be greedy when others are fearful…
But you have to know when that right level of fear has been reached…
So you know when could be the best time to strike.
That’s why Ross Givens is going LIVE tomorrow at 11 a.m. Eastern to show you how to target the biggest winners…
The ones that appear after everybody has lost hope.
And put yourself in the best position to take advantage of the market’s fear.
The Traders Agency Team