Hey friend,
Lots of things on the economic calendar this morning.
First, there was the first revision of Q4 GDP data this morning, which showed it being revised downward to 0.7% – half the initially reported pace.
Next was the delayed January report of the PCE index – the Fed’s preferred inflation gauge – which came in line with expectations at 0.3% monthly and 2.8% yearly.
After that, we got major job openings numbers, which showed a surprising pickup to 6.9 million – versus the 6.7 million expected.
We also got consumer spending data, which actually came in slightly ahead of expectations.
However, consumer sentiment kept edging lower on the back of the Iranian conflict.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed lower yesterday. And while they opened higher this morning, most of them have been moving lower throughout the day. No change in any index directions.
The Daily Nugget
In markets like this, emotional discipline IS alpha.
You don’t need a crystal ball right now. You need control.
Because when everything’s red, volatility is surging, and nothing feels safe…
The edge isn’t in prediction – it’s in composure.
In markets like this, emotional discipline can become the greatest alpha of all.
And that means sticking to the plan…
And trusting process instead of succumbing to the panic.
That’s how you stay steady when others unravel…
How you think clearly when others can’t.
And most importantly…
How to spot opportunities that others are blind to.
That’s the mindset to carry into the weekend.
Try not to get overinvested in the news.
Keep up – but don’t get sucked in.
We’ll be back on Monday.
Have a peaceful, restful weekend ahead.
The Traders Agency Team
P.S. With stocks falling, many traders are asking the big question – WHEN do you buy a falling stock? Well, Head Trader Ross Givens has the answer right here.
