Hey friend,
We got the latest consumer confidence data, which came in ahead of expectations but still showed a decline in confidence levels.
While this isn’t a great sign for the economy, it also gives the Fed more justification for cutting.
Tomorrow afternoon – Powell’s market moving press conference.
The Daily Direction
Note: Indexes closed higher again yesterday and opened higher this morning, although they’ve been pulling back a little through the day. All index directions remain in the green.
The Daily Nugget
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”
~Warren Buffett
Now, to be clear, Buffett is not a trader.
Uncle Warren is an ultra-long-term investor with hundreds of billions of capital to invest…
Meaning he needs to buy entire companies – or at least huge chunks of them – for any investment to move the needle.
So, it’s very true for him that opportunities are infrequent.
And it’s true that, for savvy traders, there are always opportunities to be found – regardless of the market environment.
So what Buffett says may not exactly apply in terms of specifics…
But it absolutely applies in terms of principle.
Sure, you can find good opportunities everywhere if you’re a skilled trader.
But GREAT opportunities…
They are – as Buffett says – indeed infrequent.
And right now, with the Fed about to cut rates again…
A market that’s just starting to break out…
And powerful rotation happening beneath the surface…
All among positive seasonality…
We’re in a prime environment for these kinds of opportunities to emerge.
So don’t waste your chance.
Put out the bucket not the thimble.
Yesterday morning, Ross went live on his YouTube channel to break down the market and highlight some promising setups.
If you missed it – click here to check out the replay now.
The Traders Agency Team
