Hey friend,
We got PPI data this morning, which shows producer prices cooling sharply – far below expectations.
Keep in mind though that this data is largely before all the tariff chaos came into effect, so it’s already old news.
Let’s see how the indexes have been moving.
The Daily Direction

Note: All indexes dipped sharply again yesterday after Wednesday’s spike. And while they opened lower this morning, they’ve been regaining some ground throughout the day.
The Daily Nugget
Volatility doesn’t break good traders – it reveals them.
The market has been relatively quiet today.
But don’t get too comfortable.
In this kind of environment, calm rarely lasts.
And when the next wave of volatility hits, it won’t arrive with a warning.
You won’t have time to prepare in the moment.
That’s why how you think now matters more than what you do next.
Volatility isn’t the enemy, it’s the test.
And often, it’s the filter – separating those who are just reacting from those who are actually ready.
So take a moment this weekend to check in with yourself.
Is your mindset built to handle the swings? Or is it still searching for certainty that doesn’t exist?
This is not to cast judgment – but to raise awareness.
So rest up and reflect a little.
We’ll be here Monday, ready to help you face whatever the market throws at us next.
Have a good weekend.

The Traders Agency Team