Hey friend,
This morning we got the latest producer price data, which came in much hotter than expected…
A 0.9% monthly rise compared to the expected 0.2%.
However, the weekly jobless claims numbers showed a surprise dip.
All in, the odds of a September rate cut has only fallen marginally. It’s still above 90%.
The Daily Direction
Note: All indexes closed higher yesterday and opened slightly lower this morning. However, all index directions remain in the green.
The Daily Nugget
Big names can deliver small profits / small names can deliver big profits.
Everyone wants in on the big names.
You know the ones. Everyone talks about them.
It’s the most crowded trade in the market right now (statistically speaking).
And yes, they are the market leaders…
They all make massive amounts of cash…
And they’ll likely maintain their dominance for years to come.
So it’s no surprise everyone wants in.
But the more crowded a trade is, the more future returns get “squeezed”.
That’s how big names end up delivering small gains…
And conversely, how small names end up delivering big returns.
That’s why, as a trader, you always want to be mindful of how crowded a trade is…
Because it will have a huge effect on your returns (or lack of).
That’s why tomorrow, Friday August 15, at 11 a.m. Eastern…
Head Trader Ross Givens is hosting a LIVE session to demonstrate which “small names” you want to target right now.
He’ll show you how to spot the names that could already be on the verge of a powerful breakout…
Using a strategy that currently has 19 out of 20 of its open positions in the green…
With an average gain of 106% across all positions.
So click here to register for Ross’ live strategy reveal Friday morning.
And let Ross show you how to go after the high-percentage “uncrowded” trades.
He’ll see you tomorrow at 11 a.m. ET sharp.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
