Hey friend,
This morning we got new data on import prices as well as consumer sentiment.
Import prices posted an unexpected surge, which could indicate that tariff-related price pressures are starting to seep in.
And consumer sentiment continues to fall, with consumers expecting more tariff-related inflation.
The Daily Direction
Note: Indexes closed higher yesterday and opened higher this morning as well – sending the long-term direction for the Dow back upward.
The Daily Nugget
Don’t fight momentum with opinions.
Every strong rally drags along a wall of doubt.
That’s normal.
But if quality setups are triggering and momentum is holding, don’t second-guess it.
Bears may sound convincing, but conviction alone doesn’t move markets – only actual buying or selling does.
And right now, the buyers are winning.
So keep showing up, and keep trading what’s working.
Those who’ve been around long enough know…
Rallies don’t announce when they’re ending, and they rarely wait for everyone to get on board.
Stick with the trend, trust the action, and have a good weekend.
The Traders Agency Team
