Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for June 13, 2023
New milestone: 52 week high – after nearly 2 years.
We’re headed even higher. Big Tech has led the way, and now broad participation is underway! All technical and fundamental indicators point much higher.
NOW is the time to get aggressive.Upside potential is much greater than short-term downside risk. There are trillions of dollars waiting on the sideline in cash and CDs that missed the big move, but it’s not too late. The opportunity cost grows each day if you are not maximizing the current bull market.
YoY CPI reported this morning was 4.0%, which represents 11 consecutive declines in inflation. Core inflation was 5.3%, in-line with expectations.
This may put the Fed on a definitive pause tomorrow, but it does not matter. The market knows the Fed is not the driving factor after a year of rate hikes, but the acceleration in the adoption of artificial intelligence in business, organizations, and society.
Futures are higher this morning. The NASDAQ could break through resistance at 13,500 today, which amounts to 3000 points of upside this year!
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A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
I’ve also:
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Charles Green
Senior Market Analyst, Traders Agency
