Hey, Ross here:
After a quiet Tuesday, volatility spiked yesterday and markets ended significantly down again.
Like I said – don’t expect this recovery to be smooth.
Markets will be closed tomorrow for Good Friday, so this newsletter will be taking a break as well.
So, for the final trading day of the week, let’s close with two interesting charts that show why waiting for the masses to act can be an expensive mistake.
Chart of the Day
This chart shows stock analysts heavily downgrading the earnings estimates of US companies this year.
Considering the tariff situation is still volatile, I wouldn’t be surprised to see even more downgrades in the coming weeks.
Now, on the surface, this seems like it would imply stocks would only keep going down from here.
But the market is often counterintuitive. Take a look at this second chart:
It shows how the S&P 500 typically bottoms well before corporate earnings or even GDP.
In other words, by the time corporate earnings start recovering…
It’s already too late.
Now, as I said, we’re still in the middle of heavy volatility – and I don’t expect the indexes to make new highs anytime soon.
But if you wait for everything to be “all right” – it’ll be too late.
Insight of the Day
Underneath the choppiness – certain stocks are already breaking out.
Top-level volatility remains high…
And on certain days – like yesterday – the vast majority of stocks will trend down.
But underneath all that choppiness, certain stocks are already breaking out.
And if you want to get ahead of the market, those are the stocks you want to target right now.
And later this afternoon at 3 p.m. Eastern…
I’m going LIVE to show you a powerful setup for finding breakout opportunities BEFORE they explode – even in this uncertain market.
I’ll also explain exactly what I see happening in this market…
And steps you can take to help insulate yourself from more fallout.
Don’t miss it – and don’t wait.
Click here to save your seat for my live presentation this afternoon if you haven’t yet…
And I’ll see you at 3 p.m. ET.
Customer Story of the Day
“Ross just gave one of the best enlightening reviews of the current trading market.
It was thorough, easy to understand, reviewed indicators that can help any trader and very attentive to our question to clear up any misunderstandings of the market.
Recommend for a Newbie to a more sophisticated Trader. Thank you.”
Ross Givens
Editor, Stock Surge Daily
