Hey friend,
We got private sector jobs data this morning.
And it wasn’t good – showing a 33,000 job loss versus an expected 100,000 increase.
The official employment rate data comes out tomorrow, so that will shed more color on the state of the labor market.
Note: This newsletter will be taking a two-day break on July 3 and 4, so we will resume on Monday, July 7.
The Daily Direction
Note: Indexes closed mixed yesterday and opened mixed this morning as well – but with no change in index directions.
The Daily Nugget
What’s slow on the surface may be fast-moving underneath.
You’ve heard the advice to always look deeper – to go beneath the surface of the market.
But here’s what you may not have heard before…
Sometimes, what’s happening beneath the surface is the complete opposite of what’s happening above it.
If you look at the market these past few days, it hasn’t been the most exciting.
Volatility is fading…
Indexes hit new highs then pull back again.
Beginners would call it a “boring” market.
But the pros – like Ross?
They know that what seems slow on the surface can be anything but underneath.
Just like how he called the low in April…
And been pounding the table on the quiet strength of this market since then…
He now sees a rotation underway…
One that will open up a host of opportunities for sharp traders.
So just keep your ear out for what Ross is saying…
Don’t believe the headlines…
And you’ll always be one step ahead.
Enjoy the Fourth of July weekend.
The Traders Agency Team