Hey friend,
This morning we got the big US employment numbers, which showed the unemployment rate ticking up to 4.2%.
Job growth numbers also showed significantly fewer jobs added than expected.
Combine all this with Trump showing no sign of extending his tariff deadline (they’re set to come into effect a week from today)...
And the pullback Head Trader Ross Givens has been warning about it here.
The Daily Direction
Note: All indexes closed lower yesterday and opened sharply lower today as well. All short-term directions have flipped downward.
The Daily Nugget
Knowing is one thing – doing is another.
It’s one thing to “know” that we’re approaching a pullback…
One that is healthy, necessary – and full of opportunities.
But it’s quite another to actually take the right actions during said pullback…
When the headlines are all screaming about how the bull market is over…
When the numbers on your account seem to be going lower by the day.
Doing is always much harder than knowing.
That alone explains much of the difference between successful traders and unsuccessful ones.
It’s the same thing in almost any area in life.
Ultimately, we cannot take action on your behalf.
That will always be up to you.
But what we can do is give you all the tools and resources you need to make it easier and more comfortable to take the right actions.
And the more you see that the right actions create the outcomes you want…
The less difficult it will become to take the right actions…
Creating a virtuous cycle of success.
That’s our goal for everyone of you who follows us…
And that’s what we are working as hard as we can to achieve.
Enjoy the weekend.
The Traders Agency Team
