Hey friend,
We got the usual weekly jobless claims numbers this morning.
It came in at 200,000 – a marginal increase from last week that was still slightly below expectations.
On top of that we got the PCE index data from November.
Both the PCE and Core PCE numbers came in at 2.8% annually and 0.2% monthly – compared to 2.7% annually and 0.2% monthly in October.
Finally we got the revised GDP numbers for the third quarter, and it showed an even further uptick to 4.4% (versus 4.3% previously).
Overall, a slightly mixed – but mostly positive picture – for the economy.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday and opened higher this morning after Trump took a more conciliatory stance on Greenland in Davos – sending multiple index directions back upward.
The Daily Nugget
Outperformance requires zigging while others are zagging.
If you do what everybody else does, you’ll get what everybody else gets.
To outperform the market, you have to zig while others zag.
Now let’s be clear…
This does NOT mean reflexively doing the opposite of what everybody else is doing.
Because that would mean fighting powerful trends…
And likely result in you torpedoing your entire account instead.
Doing something different is not the same as doing the opposite.
That’s a critical distinction most beginners haven’t fully grasped yet.
But the pros understand this very well.
They know how to ride the trends – but in a way that still allows them to outperform.
And they know when and how to be contrarian.
That’s how they consistently outperform.
And there’s one group of little-known pros that are better at this than almost anybody else.
The surprising part is – they’re not even from Wall Street, yet they beat them flat.
Because they know things even the best Wall Street pros don’t…
Which is what allows them to be intelligently contrarian.
We’re talking of course, about the corporate insiders.
When people – and even Wall Street – are selling…
But these insiders are buying, that’s when you want to pay close attention.
Because that’s how you scoop up gains like 115% in less than 60 days…
168% in five months…
234% in eight weeks…
And even 1,787% in just two years.
And tomorrow Friday morning at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE to show you how to follow the highest-potential insider trades…
So you can take maximum advantage of earnings season – regardless of what Trump does (or doesn’t do) next.
So click here to book your spot for Ross’ free insider strategy walkthrough tomorrow…
And he’ll see you LIVE Friday, January 23 at 11 a.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
