As a trained economist, I like to say, “The proof is in the data.”
And let me tell ya, after what happened yesterday, I think I may have less clarity about the future path of the economy than I did coming into the day’s session.
Here’s why…
Do you remember when you were a kid, watching Saturday morning cartoons?
Man, I used to love Saturday morning cartoons.
I used to love those EPIC psychological battles between Bugs Bunny and some of his biggest enemies?
One episode in particular, when Bugs and Daffy Duck went back-and-forth, with one declaring “It’s wabbit season,” and the other proclaiming “It’s duck season,” stands out as being my favorite.
Well, that’s kind of what happened yesterday when two important economic windsocks reported earnings and provided forward guidance.
First, global economic bellwether Caterpillar (CAT) saw its shares jump more than 7% after the company reported stronger-than-expected earnings for the 2nd quarter.
The standout here, though, was the fact that CAT management said resilience in the US economy now has Caterpillar expecting the rest of 2023 to be “even better” than it initially planned for.
You could have predicted this, since a lower value for the US Dollar makes things cheaper to buy overseas, like CAT machines (I teach on this a lot in my live sessions – you should make a habit to show up!)
These are powerful words from such an important company.
But then there was Norwegian Cruise Line Holdings (NCLH), which saw its share price drop 12% after the company reported weaker-than-expected guidance for the current quarter.
Now, cruise lines – which are an excellent bar for measuring consumers’ will to spend their discretionary income – have largely rallied this year, and shares of Norwegian were still up nearly 80% leading into Tuesday’s report.
But to see the company suggest that forward guidance looks weak is not promising for consumer spending predictions.
So what happened to futures this morning?
Well, after all this back-and-forth, futures were hammered early on after news of a U.S. downgrade and Trump indictment triggered a pullback.
But RagingBull’s very own Jason Bond is still making BIG bets on how this morning’s price action should be approached, and he is opening the doors to these thoughts TODAY.
Folks, when you follow the markets with the help of a professional trader like myself or Jason, you learn how to sift through all the details of this noise to answer THE ONE question that really matters:
How do I make money right here and now?
Has all the good news we’ve been seeing been priced into the market already?
No one knows for sure, but grossly extended momentum and sentiment need some time to pause for the excess to be worked off.
Jason Bond knows this game all too well, as he has been dominating this market while tapping into 11 years of experience as a professional trader and educator.
Here, let me show you something…
Just look at these stats from Small Account Journey*:
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100 wins and ONLY 7 Losses
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Turned $2,000 into $30k (1400% growth) in just a few months
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94% win rate
*trading is hard, results not guaranteed.
Let that sink in for a moment…
Since the start of 2023 ALONE, Jason has registered 100 wins and ONLY 7 losses in his longest-running Small Account Journey.
Believe me when I tell you that to find a 94% win rate like Jason has amassed, with VERIFIED results from his own real money trading account, is almost unheard of in this business.
Now, I need to state again that in trading nothing is guaranteed and Jason’s results may not be your results, but I can guarantee you that he works tirelessly to teach his members WHY he trades WHAT he trades.
Is Jason using a strategy that is a secret within the industry?
No, not at all.
In fact, the core of Jason’s system has to do with a principle that is touted by the same man that developed the HUGELY popular thinkorswim trading platform, Tom Sasnoff.
BUT, what Jason is doing that is unique is applying his own method for entering and exiting trades.
When I tell you that the only way to do this in a way that generates the stats shown above is by developing DISCIPLINE, I mean it.
Jason is among the most transparent and open trading professionals you will ever meet.
And today he is proving it once again when he opens the doors to a LIVE training session at 2pm ET.
EDITOR’S NOTE: With 10 years of education experience within the New York State school system and 11 years of experience as a professional trader under his belt, you will not find a better teacher to show you how to navigate the current volatile market environment than Jason Bond.
Come learn how Jason is CRUSHING it in this market by joining his SPECIAL training session TODAY at 2pm ET.
And after you give him a listen, check out the details of Small Account Journey by clicking the link below:
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