Hey friend,
We got the monthly CPI data this morning.
It came in bang on line with expectations with a 0.3% monthly increase and a 2.4% yearly increase.
However, since this is February’s data – it comes in before the oil price shock being caused by the Iranian conflict.
Next month’s CPI figures may be the most closely watched all year.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed slightly lower again yesterday after rising sharply the day before. And this morning, while they opened slightly higher, they’ve generally been moving downward through the morning.
The Daily Nugget
Volatility is the price of admission.
There’s a popular saying in the markets…
Volatility is the price of admission.
The stock market has proven to be one of the greatest wealth builders of all time…
But most people are unwilling to pay the price.
And that price is volatility – and the emotional uncertainty it brings.
Now, the thing is, this saying is much more popular with long-term “buy and hold” investors.
And while there’s nothing wrong with that…
As traders, we can view this another way.
Yes, volatility is the price of admission into the markets…
But volatility is also what creates fast-moving opportunities in the first place.
Right now, there’s more volatility than there has been in quite a while…
And if you’ve read Head Trader Ross Givens’ newsletter this morning, then you know it’ll probably stick around.
Bad news for some – good news for others.
As long as you keep following Ross, chances are you’ll always be on the “good news” side of the equation.
Case in point…
If you want to see two high-flying stocks that could go even higher despite all the market turmoil…
The Traders Agency Team
