Hey friend,
Nothing major on the economic front today.
However, the minutes of the Fed’s latest monetary policy meeting will be released in a couple hours…
And given how much uncertainty there is over the Fed’s rate cut path this year…
The minutes could have a big impact on the market’s expectations of future rate cuts.
The Daily Direction
Note: Indexes closed mixed but mostly flat yesterday – sending the short-term directions for the Dow and the Russell 2000 back upward.
The Daily Nugget
The market is a vehicle for spreading and amplifying emotions.
Emotions are contagious.
And in the markets, where millions of people are staking their hard-earned livelihoods…
It acts not only as a mechanism for spreading – but also amplifying – emotions.
This is what creates the market’s cycles.
When everyone thinks things are going well, it’s like the market can only go up and up.
And when everyone thinks things have gone the other way, it’s like no bottom could possibly be low enough.
This is just human nature…
Which means no matter how technology changes…
No matter what the Fed does…
No matter what new companies emerge to become the dominant companies of the day…
This will never change.
The market will always be a vehicle for spreading and amplifying emotions…
Which is why so many “old school” strategies are still so devastatingly effective.
Every week, Head Trader Ross Givens goes LIVE to break down the market in real time…
And show you how to use these strategies to hunt for opportunities most don’t even know exist.
If you want to join him every week – it’ll just cost you 5 bucks for an entire year. No catch.
The Traders Agency Team
