Hey, Ross here:
Here are the objective details.
The S&P 500 is currently down 3.1% from its all-time high. The Nasdaq – 5%.
As far as pullbacks go, these numbers are fairly typical.
But just look at how individual investors are reacting.
Chart of the Day
This is the result of the latest weekly sentiment poll by the American Association of Individual Investors.
As of yesterday, 60.6% of them were bearish on the market, with under 20% coming in bullish.
This was significantly higher than the August–October pullback of 2023, where the S&P 500 fell by over 10% and the Nasdaq over 12%.
Take emotions out of it and look at the numbers.
Pessimism is to be expected.
But this level of fear? The numbers tell us it’s not justified.
The good news is, that’s something we can take advantage of.
Insight of the Day
Market overreactions are some of the most lucrative opportunities out there.
Because if you can recognize them when they’re happening…
You can position yourself for when this overreaction corrects itself – which always happens sooner or later.
And this is even more the case right now because we’re still in earnings season…
A time where earnings surprises can send a stock soaring regardless of what’s happening in the broader market.
That’s why tomorrow morning at 11 a.m. Eastern…
I’m going LIVE to reveal the ultimate earnings “cheat code”…
This is the same system that’s sniffed out gains like 421%, 608%, and even 851%…
All thanks to an obscure government rule that’s still in effect – for now.
I’ll explain everything you need to know to use this “cheat code” for yourself tomorrow morning…
So just click here to save your seat for my LIVE breakdown tomorrow…
And I’ll see you at 11 a.m. ET Friday morning.
Don’t wait for the market’s overreaction to correct itself…
Position yourself now. See you tomorrow morning.
Customer Story of the Day
“Ross gives you an edge in the markets by sharing his knowledge of how both the broad markets and individual stocks move and why. I am very impressed with the Traders Agency so far and intend on following them indefinitely.”
Ross Givens
Editor, Stock Surge Daily
