Hey friend,
We got the big US employment report this morning, which showed the economy adding just 22,000 jobs in August – far below the expected 75,000.
The unemployment rate remained unchanged at 4.3%.
The weak labor report is just more justification for the Fed to cut.
The Daily Direction
Note: All indexes closed higher again yesterday on weak jobs data and opened higher on similarly weak data this morning as well. However indexes have generally been moving down throughout the day. Still, no change in any index directions.
The Daily Nugget
The noisier the environment, the more reward in the signal.
Will the Fed cut this month?
Will Trump’s tariffs be struck down by the courts?
Is the job market really faltering?
And is AI just one big bubble that’s about to burst – and take the entire market down with it?
That’s just some of the noise that’s bombarding every trader out there right now.
We can see this reflected in just how choppy the price action has been lately…
As well as just how bearish the retail crowd has become.
But the noisier the environment, the more reward there is in the signal.
And that means if you can lock on to the signal in this noisy month…
You’ll be able to come out far ahead of the crowd.
So keep listening to what Ross has to say about the market…
Be very skeptical of what you read in the news…
And always remember – there are always opportunities in the market.
Have a good weekend.
The Traders Agency Team
