Hey friend,
The CPI report everyone’s been waiting for came out earlier this morning.
It was mixed, with headline CPI coming in 0.1% above estimates – 0.4% month-to-month vs. 0.3% expected.
The yearly CPI came in at 2.9% – which was in line with forecasts – but still the highest reading since July.
When it came to core CPI – which excludes the more volatile food and energy prices – the reading came in at 3.2%, which was below estimates of 3.3%.
These readings are still significantly above the Fed’s stated 2% targets.
Markets have taken this news positively and have all opened sharply higher.
The Daily Direction
Note: All indexes except the Nasdaq closed higher yesterday after the cooler-than-expected PPI report. But thanks to this morning’s sharp upward move, multiple index directions have flipped back upward.
The Daily Nugget
In no other field is superior knowledge more scalable than in investing and trading.
You’ve heard it before – knowledge is power.
Except in most domains in life, knowledge is only potential power…
Often requiring a lot of action to turn it into reality.
Think about getting fitter or starting a business – knowledge is 1%, action is 99%.
But in trading? It’s completely flipped – knowledge is 99% and action is 1%.
After all, the only action required is literally clicking a few buttons…
But the knowledge of which buttons to click determines all the outcomes.
In short, in most domains in life, those who can take the most action win.
In trading, those with superior knowledge win – action is nearly irrelevant.
And those with superior knowledge?
It’s the billion dollar money managers, corporate raiders, politically savvy, “in the know” traders…
And they’re all making moves under the cover of all this market noise.
You can move with them – and take advantage of their superior knowledge to target superior results.
That’s why later this afternoon at 3 p.m. Eastern…
Head Trader Ross Givens is going LIVE for a presentation on the stealth signal that will allow you to detect their undercover moves…
And exploit them for your own gain.
This signal has been leading to gains like 347% in less than 3 weeks.
But with the CPI report creating a big splash of volatility in the markets…
The new setups it’s been flagging could do even better.
So if you haven’t already, click here to “lock in” your seat for Ross’ live presentation…
And he’ll see you at 3 p.m. ET in a bit.
Try to login early if you can.
The Traders Agency Team
