Hey, Ross here:
And here’s an encouraging chart showing inflation may be slowing down much faster than expected.
Chart of the Day
That’s the US and China Producer Price Index (PPI), which is a measure of producer prices (in the same way the CPI measures consumer prices).
As you can see, Chinese producer prices have already gone negative – meaning they’re experiencing deflation not even inflation.
And as the chart shows, US producer prices seem highly likely to soon follow suit.
That lends further evidence to the narrative that the rate hike cycle is well and truly over – which needless to say is a positive for the stock market.
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
The mainstream news feeds on your fear – do not succumb.
Negativity sells.
This isn’t just me saying that – it’s backed by rigorous research.
That’s why if all you do is read the news, you’d want to sell all your stocks and just sit in cash (except even your cash may not be safe depending on your bank, according to the news).
Don’t succumb to the fear. That’s how they win.
Just like in today’s chart, look for REAL evidence that tells you what’s going on.
It won’t just help your trading – it’ll help your entire life.
And it’s also why I’m going LIVE later today at 12 p.m. Eastern – to show you evidence of what’s really working in today’s market.
Click here to save your spot (or enter the live room if it’s already started).
I’ll also be making a very special announcement during this broadcast – so make sure you don’t miss it.
See you there.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
