Hey friend,
The Fed meeting minutes yesterday revealed one of the most hawkish discussions in years.
Consumer credit also showed a surprising $0.2 billion contraction – when economists had expected a $17.1 billion expansion instead.
However, today’s weekly jobless claims came in slightly below expectations, further strengthening the “stable labor market” narrative.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed largely lower again yesterday but opened higher this morning. The short-term direction for the Russell 2000 moved back into upward territory.
The Daily Nugget
Volatility creates opportunity.
We’ve said this before and we’ll say it again…
If you’re a trader – volatility is what creates opportunity.
Sure, long-term investors would love for everything to be “smooth sailing”.
But for traders like us…
Volatility is what creates opportunity…
The opportunity to zip in and out of the market quickly – snatching fast profits along the way…
The opportunity to accelerate your journey toward financial freedom.
Not to mention, calm seas never made for a good sailor…
Meaning calm markets never made for a good trader.
So even if rough markets makes trading a bit harder…
Remember that not only does it generate more opportunities…
It’ll also make you a better trader in the process.
But because you’re reading this – you don’t have to do this alone.
Tomorrow morning, Head Trader Ross Givens will share more about his unique strategy for taking advantage of all the volatility coming down the pipeline…
So watch out for that.
But in the meantime…
Did you spot this HUGE “smart money” move?
The Traders Agency Team
