Hey friend,
The only big news today is the monthly US federal budget – and another big deficit.
Next week, we get the pivotal Consumer Price Index data
The Daily Direction
Note: All indexes closed higher yesterday but opened lower today. Nevertheless, all directions are firmly in the green.
The Daily Nugget
The market doesn’t owe anyone “should”.
One of the most dangerous words in the market is the word “should”.
Turn on CNBC, and you’ll have a row of talking heads telling you what the market “should” do.
And with so many people trading stocks nowadays, even your Uber driver may have an opinion on what the market “should” do.
Some of them will even be right.
But the most insidious trap…
Is when you yourself hold on too firmly to a certain view of what the market “should” do.
That’s when bias creeps in.
You stop seeing what’s actually happening and start filtering everything through what you expected to happen.
It’s why the smartest traders strip out the noise, stay nimble, and commit to process – not predictions.
That’s exactly how Head Trader Ross Givens approaches the market.
He’s not reacting to opinions or headlines…
He’s reading what price is telling him, day by day.
He isn’t trading what the market should do – he’s trading what it’s actually doing.
Keep that in mind as you read the clickbait headlines and uninformed opinions.
Enjoy the weekend.
The Traders Agency Team
P.S. Next Monday, July 14 at 9 a.m. Eastern…
Ross is holding a special “members only” Market Update, where he’ll share exactly what he’s seeing from a macro perspective – all the way down to specific sectors and stocks – plus how he’s navigating it.
It’s 100% education – there’ll be no sales pitch whatsoever. Keep an eye out for the registration details in your inbox soon.
