Just give us a reason

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SEPTEMBER 17, 2024       Hey y’all, I’ve got a song stuck in my head this morning. “Give me one reason to stay here, and I’ll turn right back around…”  You probably know it, it’s by Tracy Chapman. If you DO know it, it will probably be stuck in your head all day now that I’ve mentioned it. Sorry, not sorry. Why is that mid-90s banger stuck in my head this morning of all mornings? Because I continue to feel, as I’ve thought for a while now, that most folks are looking for “just one reason” when it comes to the stock market. But in this case, the lyrics would go something like “give me one reason to panic, and I’ll sell and sell and sell.”  The market hasn’t felt this uneasy to me for a long time. And tomorrow’s rate cut has become the Sword of Damocles hanging over the head of Chairman Jerome Powell.   In the space of a few weeks, investors have undergone mass hypnosis, from hoping that a rate cut might even be possible a month or so ago, to now being so convinced of a rate cut that they’ll be disappointed by anything LESS than a 0.50 basis point cut!  And it’s not just me saying this… This headline is what initially got Tracy stuck in my head this morning…   It’s almost like they are goading Powell and his crew to pull the trigger on bigger rate cuts. But the rate cuts themselves have become “soma” to distract minds from the underlying and much more complex reality.  If it’s a 0.50 cut, everything must be good! Traders can ignore the slowing job markets and still-high inflation and focus on the positives. If it’s 0.25 points, or, God forbid, 0 points, then everything must be a disaster, even if retail sales are higher and there are other good signs about the economy.   We’re allowing this one moment to serve as a stand-in for the much wider and more difficult to solve question: is the economy in good shape? And we’re letting the Fed — the same people who, in theory, caused the malady — prescribe the remedy. It all seems, to borrow a term from Sophocles, “absolutely cuckoo-bananas.” But here’s what you have to remember: big rate cut, small rate cut, no rate cut, YOU can’t control that. So what you need to do is focus on the things that you can control. Your accounts. Your trades. Your strategies. You can sit out this week and ignore the rate cuts completely and wait for things to settle. Or you can trade carefully, knowing that volatility will be a huge factor in the coming days. But either way, you’re at the wheel of your own accounts. So why waste time worrying about the things you can’t control when there’s so much that you CAN control right at your fingertips? To quote another Tracy Chapman banger: “We gotta make a decision, leave tonight, or live and die this way…”  Okay, that might be a little dramatic, but you get the point: your future is in your hands! Don’t let Jerome Powell or the markets’ irrational reactions change that. To your prosperity, Stephen Ground Editor-in-Chief, ProsperityPub

SEPTEMBER 17, 2024 Hey y’all,   I’ve got a song stuck in my head this morning.   “Give me one reason to stay here, and I’ll turn right back around…”    You probably know it, it’s by Tracy Chapman. If you DO know it, it will probably be stuck in your head all day now that I’ve mentioned it. Sorry, not sorry.   Why is that mid-90s banger stuck in my head this morning of all mornings?   Because I continue to feel, as I’ve thought for a while now, that most folks are looking for “just one reason” when it comes to the stock market.   But in this case, the lyrics would go something like “give me one reason to panic, and I’ll sell and sell and sell.”    The market hasn’t felt this uneasy to me for a long time. And tomorrow’s rate cut has become the Sword of Damocles hanging over the head of Chairman Jerome Powell.   In the space of a few weeks, investors have undergone mass hypnosis, from hoping that a rate cut might even be possible a month or so ago, to now being so convinced of a rate cut that they’ll be disappointed by anything LESS than a 0.50 basis point cut!    And it’s not just me saying this…   This headline is what initially got Tracy stuck in my head this morning…   It’s almost like they are goading Powell and his crew to pull the trigger on bigger rate cuts.   But the rate cuts themselves have become “soma” to distract minds from the underlying and much more complex reality.    If it’s a 0.50 cut, everything must be good! Traders can ignore the slowing job markets and still-high inflation and focus on the positives.   If it’s 0.25 points, or, God forbid, 0 points, then everything must be a disaster, even if retail sales are higher and there are other good signs about the economy.   We’re allowing this one moment to serve as a stand-in for the much wider and more difficult to solve question: is the economy in good shape?   And we’re letting the Fed — the same people who, in theory, caused the malady — prescribe the remedy.   It all seems, to borrow a term from Sophocles, “absolutely cuckoo-bananas.”   But here’s what you have to remember: big rate cut, small rate cut, no rate cut, YOU can’t control that.   So what you need to do is focus on the things that you can control. Your accounts. Your trades. Your strategies.   You can sit out this week and ignore the rate cuts completely and wait for things to settle.   Or you can trade carefully, knowing that volatility will be a huge factor in the coming days.   But either way, you’re at the wheel of your own accounts.   So why waste time worrying about the things you can’t control when there’s so much that you CAN control right at your fingertips?   To quote another Tracy Chapman banger: “We gotta make a decision, leave tonight, or live and die this way…”    Okay, that might be a little dramatic, but you get the point: your future is in your hands! Don’t let Jerome Powell or the markets’ irrational reactions change that.   To your prosperity,   Stephen Ground Editor-in-Chief, ProsperityPub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub