Hey friend,
The weekly jobless claims data came in higher than both the week before and above estimates.
Couple that with the negative jobs growth revisions, and it’s going to stoke further concern about the health of the labor market.
Still, the productivity data for the second quarter showed a strong rebound, which might help the broader picture a bit.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes except the Russell 2000 closed higher yesterday. And while they opened higher today as well, they’ve been moving lower through the morning. The short-term direction of the Dow and the Russell 2000 are back in the red.
The Daily Nugget
It’s dangerous to assume you can beat Wall Street.
There have been periods in the market where retail traders have managed to outperform the “big dogs”.
And there certainly have been outlier cases where they’ve managed to “squeeze out” the institutional investors in certain stocks.
These success stories are famous…
And it leads many retail traders to think that they will consistently be able to “beat the Street”.
That is a very dangerous assumption…
And it’s led to far too many retail traders blowing up their accounts.
In fact, many on Wall Street actively encourage this myth…
Because they’re the ones on the other side of the trade.
But you don’t have to beat Wall Street to beat the market.
All you have to do is learn how to use their advantage for yourself.
Take for instance, their informational advantage.
These Wall Street firms spend millions and millions to get this edge.
But after Ross’ LIVE presentation tomorrow, Friday August 8, at 11 a.m. Eastern…
You’ll know exactly how to “steal” this edge for yourself…
And go after gains like 287%… 542%… and 806% – all in a matter of weeks or even days.
So click here to register for Ross’ live reveal tomorrow…
And he’ll see you Friday morning at 11 a.m. ET.
The Traders Agency Team
