Hey friend,
The Fed starts its meeting today.
The latest consumer confidence data this morning showed another decline – the second consecutive one after December.
Markets also opened higher after yesterday’s selloff.
The Daily Direction
Note: All indexes closed lower yesterday, but the Dow and the Russell 2000 were barely affected compared to the Nasdaq – which saw both its short and medium-term directions flip downward.
The Daily Nugget
The market’s worst and best days tend to be clustered together.
We saw this in the August 2024 selloff, when people were panicking about the yen appreciating and unwinding the carry trade.
And it’s a pattern that has persisted throughout history as well.
Now, this is not to say we should expect an immediate bounceback.
But it does show that, when it comes to sudden “big bad news” like Deep Seek or the unwinding of the carry trade…
The market’s first reaction tends to be an overreaction…
And when the market overreacts, that always leads to opportunity.
In times like these, it’s even more important you keep reading Ross’ Stock Surge Daily newsletter to get a more accurate perspective on the markets.
Remember, in the markets, those who have a more accurate perspective win…
Because while everyone else is panicking…
They’re the ones staying calm – and reaping the benefits.
The Traders Agency Team
