Hey friend,
New inflation data – as measured by the PCE Index – just came in earlier this morning.
And while the PCE Index’s rise of 2.5% y/y was in line with expectations…
The “core” PCE Index – which excludes food and energy prices – came in hotter than expected.
Indexes opened lower in response.
The Daily Direction
Note: All indexes closed lower yesterday again and opened lower today as well – sending all index directions back into the red.
The Daily Nugget
This is what the middle feels like.
Selloffs rarely move in straight lines. They grind, they fake, they wear you down one headline at a time.
And just when you think it might be over, another wave of selling shows up.
Right now, we’re in the middle of it.
Not at the bottom. Not at the recovery. Just… the middle.
And the middle always feels the worst.
But this isn’t new.
The traders who’ve been through this before – the ones who’ve seen cycle after cycle – aren’t panicking.
They’re staying patient, staying focused, and preparing for what comes next.
You don’t have to have all the answers.
You just have to stay in the game – and lean on the wisdom of those who’ve seen the storm before and know how to navigate it.
Rest up this weekend. The market will still be here on Monday.
The Traders Agency Team
