Hey, Ross here:
After falling on “Fed day”, the S&P 500 ripped to a new all-time high yesterday – defying the negative September seasonality, at least for now.
But as today’s chart shows, in a certain sense, the new highs were already here.
Chart of the Day
This is the Equal-Weighted S&P 500 index (RSP), which treats all index constituents as if they have equal market cap.
And as you can see, while the S&P 500 only hit new all-time highs yesterday…
The RSP had already hit new all-time highs on Monday – and it’s only gone higher since then.
In other words, stocks were surging before the Fed rate cut – except most traders didn’t realize it then.
I explain the implication of this below in the Insight of the Day.
Insight of the Day
If you only look at the “obvious” market metrics, you’ll miss out on a lot.
With the Fed slashing rates, most traders are now looking to see how Big Tech will perform.
But as the performance of the RSP shows, the biggest opportunities are likely to lie elsewhere…
And the chances of uncovering them by looking at the exact same metrics as everybody else is practically nil.
After all, trading is a competitive game, and all “obvious” opportunities are instantly arbitraged away.
That’s why I’m such a big fan of analyzing insider trading activity to find the non-obvious opportunities.
These insiders already know of the catalysts that could send the stocks of their companies soaring…
And many of them don’t hesitate to take advantage of it.
In fact, I just spotted huge insider buying activity in a tiny biotech stock – and I believe it has massive profit potential.
That’s why tomorrow, Saturday morning at 11 a.m. Eastern…
I’m going LIVE for a special weekend masterclass to reveal the exact strategy that allowed me to spot this red-hot opportunity…
As well as give you all the details for getting in on this opportunity yourself.
With the entire market being lifted by the Fed’s rate cut, you don’t want to miss an opportunity like this.
The insiders are positioning themselves for massive gains – and you can do so right alongside them.
So make sure you click here to save your spot for my special weekend masterclass tomorrow…
And keep an eye out for the login details in your inbox before the masterclass starts.
I’ll see you tomorrow, Saturday morning at 11 a.m. ET.
Customer Story of the Day
“These guys know what they are doing. Also, they are very helpful and supportive of their customers.
I was nervous at the beginning since the services are not cheap and I bought the most expensive bundle. But in less than 5 months I doubled what I paid to Trader’s Agency and the account keeps growing. Now I only have to worry about how much taxes I have to pay, so don’t rush to spend all your profits. Save some for Uncle Sam.
The crew responds quickly to your questions and helps relieve your anxiety which you will certainly have at the beginning of your trading experience. Ross’s team helped me navigate though very turbulent times in the market in August and September of 2023 pretty much unscathed.
As long as Trader’s Agency is in business I will continue using their services. I still have my day job and I am not quitting it. But it feels good to stop worrying about the money.”
Ross Givens
Editor, Stock Surge Daily
