Hey friend,
Yesterday we got the CPI report – which came in cooler than expected.
This morning, we got the PPI report – a measure of producer prices.
Like the CPI, it also came in below expectations, both on an annual and monthly basis.
The Daily Direction
Note: All indexes closed slightly lower yesterday and opened lower today as well – although they’ve been moving higher since the open. No change in any index directions.
The Daily Nugget
The best mistakes to learn from are the mistakes of the crowd.
It’s good to learn from your own mistakes…
But it’s even better to learn from other’s mistakes.
Now, trading can be a very solo and private endeavor…
So most people don’t have access to “other people’s mistakes” they can learn from.
But the thing about the market is – you can always learn from the mistakes of the crowd.
You just have to be smart about it.
For instance, as Head Trader Ross Givens pointed out in his newsletter this morning…
Retail sentiment is lagging the price action once again – missing out on opportunities by consistently being too late.
Guess what? That’s a mistake by the crowd – one you can learn from.
The lesson – don’t follow sentiment, follow a proven edge.
In honor of Father’s Day…
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It’s my favorite stock in a sector that is absolutely critical to keeping the AI revolution going.
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But this deal ends soon, so click here to take advantage of it now.
The Traders Agency Team
