Hey friend,
The Fed’s preferred inflation gauge – the PCE index – was in line with estimates on both a monthly and yearly basis.
Markets have largely responded positively to the news.
Let’s see how the indexes have been moving.
The Daily Direction
Note: All indexes closed sharply lower again yesterday after Nvidia’s earnings disappointed and weekly jobless claims numbers spiked. Still, markets have been regaining some ground today. No change in any index directions.
The Daily Nugget
Choppy markets don’t change the playbook.
When markets are rough, it’s easy to start second-guessing.
Every trade feels harder, every move feels more stressful, and the urge to sit on the sidelines grows stronger.
But here’s what separates real traders from the rest – they trust the process.
Markets go through cycles.
Some stretches are easy, others are a grind.
But the best strategies don’t fall apart just because conditions get tough.
They adapt, they manage risk, and most importantly, they position traders for when the tide inevitably turns.
The edge doesn’t change – only the market does.
And when conditions shift, the traders who stayed steady will be the ones ready to capitalize.
That’s why it’s also important to lean on those who’ve seen all these cycles play out before.
They understand how most people overreact – creating opportunities for those who don’t.
Enjoy the weekend.
The Traders Agency Team
