Hey friend,
The Fed’s meeting minutes yesterday showed a split on whether to cut interest rates in July.
That’s good news, in the sense that it shows that keeping rates steady is far from a consensus opinion.
This morning, we got the latest weekly jobless claims numbers, which showed it falling unexpectedly.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday and opened higher today as well, keeping all directions firmly in the green.
The Daily Nugget
The most damaging trading belief is that markets are perfectly efficient.
Every business school graduate has had Efficient Market Theory drilled into their heads by professors who’ve never traded a single stock in their lives.
If you weren’t aware…
The idea behind Efficient Markets Theory is that all information out there in the markets has already been priced in…
Meaning there’s simply no “edge” to be exploited.
The best you can do is diversify and wait it out. There’s no point in trading.
Now, don’t get us wrong…
Diversifying is great – especially when it comes to your long-term accounts.
But believing that markets are perfectly efficient and there’s no point in trading is just leaving money on the table.
It ignores the basic nature of human psychology.
It ignores the objective track records of top traders who’ve absolutely crushed the markets year after year.
And it ignores the existence of corporate insiders who are legally allowed to trade their own company stock – despite being high-ranking executives at these companies.
As Head Trader Ross Givens pointed out this morning, the corporate insiders are starting to step back in.
And tomorrow, Friday July 11, at 11 a.m. Eastern…
He’s going to live to show you what to look for when insiders buy – as well as what to actively avoid…
So you can position yourself with the highest-probability insider moves…
The kind that could signal gains like 771% in 2 months… 157% in 2 weeks… and 321% in 2 days.
So click here to register for Ross’ live insider session tomorrow…
And he’ll see you Friday morning at 11 a.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
