Hey friend,
March retail sales data came in this morning, and it surprised to the upside – more than double last month’s growth and significantly ahead of expectations.
Could the economy be doing better than what the “vibes” tell us?
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed lower yesterday but opened higher this morning, keeping all index directions in the green.
The Daily Nugget
Resist the need for certainty.
As humans, we psychologically hate uncertainty and crave certainty.
You see this tendency everywhere – from politics to the markets.
But in the markets, the best traders know how to resist the need for certainty…
And to play the odds instead.
Because the truth is, the only thing that’s certain in the markets is that nothing is certain.
Even Head Trader Ross Givens frequently and openly admits he doesn’t know for sure what’s coming next.
Sure, he’s made a lot of calls that have proven right – from the April lows to the November 2024 rally to all the various pullbacks.
But these calls were all made on probabilities not certainties.
So beware of those trying to sell you certainty – because they’re trying to pull the wool over your eyes.
And more importantly…
Resist the emotional need to always look for certainty in the markets…
Because it never existed – and it never will.
The Traders Agency Team
