The Market Brief
U.S. futures muted during early trading on Thursday as traders look to the upcoming earnings season for validation of the artificial intelligence frenzy that has powered a record rally.
Impact Snapshot
🟥 Fed Chair Powell Speaks - 8:30am
Macro Viewpoint
Global stocks have surged to new highs as investors bet on corporate strength and the renewed cycle of Federal Reserve rate cuts.
The upbeat sentiment driving markets since the April downturn is about to be tested, with earnings season just ahead.
At the same time, minutes from the Fed’s most recent meeting revealed broad agreement among policymakers on the September quarter-point rate reduction.
Back To Back
Profitability in trading is not about the strategy. Strategy plays a smaller role than risk and self-management. You can give a profitable strategy to anyone, and they can still lose money.
Meanwhile, you can apply the most basic strategy, even an MA crossover, and if you apply it the correct way with the right risk management, you can find profitability there.
Most traders have no idea about the amount of risk they expose themselves to when they lack understanding of the market’s true intentions and goals.
Below is another video replay. All the context and pivots were shared with our subscribers during the ON session. See what we saw hours before the fact and how the market unfolded afterward relative to our context and narrative.
Think of the risk associated with not being able to distinguish what type of day it likely is, and then trying to stand in front of a trend.
There is nothing worse than trying to fight off a short-covering rally. Not only are you fighting the bullish momentum of new buyers, but the bears themselves are supporting the move because they were WRONG.
How do you cover a short? You have to BUY.
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