Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
The producer price data came in this morning and it was hotter than expected – at 0.5% monthly and 3% annually. Coupled with Trump’s pick of Kevin Warsh, a noted monetary “hawk”, as new Fed Chair nominee this morning and markets have been under pressure.
Hey, Ross here — and before we sign off for the year, I want to show you something most traders completely misread. The VIX just collapsed from above 26 to below 14 in a little over a month — a huge shift from high to low volatility. That sounds scary, but history says it’s often rocket fuel for...
To close out the trading week, let’s do something a little different. Instead of zooming out and looking at higher-level market dynamics… Let’s zoom in and tell a quick story about a single stock…
The usual weekly jobless claims numbers came in this morning. At 209,000 it was a slight increase from last week – and also marginally ahead of expectation. We also received productivity data from the third quarter, which came in bang on in line with expectations. Tomorrow, we’ll get some major...
As expected, the Fed held rates steady yesterday. With Powell noting that current rates were not too restrictive based on current economic conditions. Do I wish he had cut rates? Yes. But looking at how the market has been, I’m not too concerned. Not to mention, Powell will be out soon anyway. And...
The Fed decision comes out in an hour. Then, Powell begins his market-moving press conference 30 minutes later. Everyone will be closely watching.
Welcome back to the Wednesday Watchlist. The new market leaders are here… And these are the three names I’m buying.
The Fed is almost certainly going to hold rates steady today. If they cut again, it would be a massive (though positive) shock for stocks. Even with them likely holding rates flat though, Powell flapping his lips at the afternoon press conference will still most likely send ripples through the...
We just got the latest consumer confidence numbers this morning and they came in substantially below expectations. While that will likely not play into Fed Chair Powell’s market-moving press conference tomorrow, it will likely influence investors’ reactions to Powell’s conference. We’ll see how it...
Hey, Ross here. Welcome back. Yesterday, I talked about how we are in a target-rich environment for taking trades. Today, I want to show another chart that supports this thesis because it shows that the money is pouring in.
Not much on the economic calendar today. The Fed starts its monetary policy meeting tomorrow, with the decision and the press conference on Wednesday. All eyes will be on that. Let’s see how markets have been moving.
Hey, Ross here! Welcome back. Both the S&P 500 and the Nasdaq closed lower for the week – marking the second consecutive weekly decline. This is the “worst” weekly performance since June last year. And yet, as today’s chart shows, we’re in a target-rich environment.
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