I’m writing this newsletter before the big CPI data comes out this morning.
Obviously, what the data reveals could send the market moving in either direction in a significant way.
But that doesn’t change the fundamentals below.
Chart of the Day
With earnings season coming upon us, this is a chart of the S&P 500’s estimated quarterly earnings (gray bar) versus actual earnings (dark blue bar).
As you can see, in the vast majority of cases – even during the 2022 bear market – actual earnings were higher than estimated earnings.
The S&P 500’s estimated earnings growth for the fourth quarter is at an impressive 11.7%.
The actual earnings growth is thus likely to be higher.
Regardless of the choppiness we’ve been seeing in the markets lately, these fundamentals still hold.
Stay in the game – just play it smart.
Insight of the Day
The “smart money” loves to act when the market is the noisiest.
With individual investors at their lowest sentiment in many months, it’s not a surprise that many of them are sitting out.
I don’t blame them at all…
But at the same time, the “smart money” – billion dollar money managers, corporate raiders, and even politically savvy, “in the know” traders – are actively making moves.
And they love using the noisy market as their cover…
Especially because, a lot of the time, the kind of trades they make are less than ethical…
Trades made using information that the public does not necessarily know about yet.
In a noisy market like this one, following the “smart money” is the smartest move yet…
Which is why later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a presentation on the stealth signal that’s illuminating “smart money” moves down to the exact dollar amount.
This signal has been leading to gains like 347% in less than 3 weeks…
And it’s been flagging some hot new setups you want to take advantage of…
Especially with the CPI report likely creating a big splash of volatility in the markets.
So if you haven’t yet, click here to guarantee your spot for my live presentation later…
And I’ll see you at 3 p.m. ET today.
Don’t be late.
Customer Story of the Day
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Ross Givens
Editor, Stock Surge Daily
