Hey friend,
We got the usual weekly jobless claims this morning.
It came in at 187,000 – far below forecasts and last week’s numbers.
In fact, it was the lowest level since September 1969.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed slightly lower yesterday and gapped down heavily this morning – sending multiple index directions into the red.
The Daily Nugget
A forecast is less useful than a playbook.
Most traders want someone to tell them exactly what happens next.
Stocks go up.
Stocks go down.
Tech keeps leading.
The rally falls apart.
A clear forecast feels useful because it removes uncertainty.
But markets rarely cooperate for long.
Right now, for example, earnings are growing at an incredible pace…
Yet investors are suddenly paying more for downside protection.
Overall stock positioning still leaves room for more buying…
Yet large-cap tech is already heavily crowded.
The bull case looks strong.
So does the case for more turbulence.
You could force all that information into one neat story.
But that would probably leave you unprepared if the market chooses another path.
A playbook is FAR more useful.
It tells you what you’ll do if stocks keep climbing…
What would make you rotate away from crowded leaders…
And how you’ll respond if the Iran conflict triggers another sharp selloff.
You may still have a market view.
You’re just not betting everything on being exactly right.
That’s the reason why Ross ad his team go LIVE every week to break down the market in real time.
If you want to get in on those sessions…
As part of our “Christmas in July” sale…
You can do so for just 5 bucks for an entire year.
The Traders Agency Team
