Good morning, everyone:
Wall Street’s S&P 500 and Nasdaq both closed at all-time highs overnight.
The mainstream media will tell you this is the result of U.S. retail sales, upbeat regional Fed business data, and better-than-expected corporate earnings.
It’s not.
It’s the result of printing more and more money.
This momentum signals robust risk appetite and reinforces the narrative that the Federal Reserve has room to delay rate cuts. It sets the tone for equity positioning, affects implied volatility, and may draw in more inflows to tech and cyclical sectors.
Fun…
What are we trading today?
Netflix.
The company posted stronger-than-expected Q2 revenue and earnings, raised its full-year guidance, yet saw stock slide in after-hours trading.
Good… bring the selloff… We can scalp on the Third Friday.
What you’re seeing is a classic “sell the news” reaction. It shows that even beat-and-raise quarters can trigger profit-taking if expectations run too high.
Want to know how to trade it today?
I’ll show you… In 15 minutes. You just have to join us… here.
See you soon,
Garrett
