Hey, Ross here:
Welcome to a new trading week.
There’s understandably lots of “sudden” fear in the markets.
Let’s take a closer look.
Chart of the Day
Volatility spiked on Friday and again today. It’s now at the highest level since the Covid Crash of 2020.
Recession fears are back on the menu…
Which is why the S&P 500 has closed lower for three consecutive weeks…
And why the Nasdaq has officially entered correction territory – being down over 10% from its recent high.
But let’s put things in perspective.
The talking heads have been “predicting” a recession for over two years now.
And while the market drop is no doubt painful, the S&P 500 is back at levels last seen in early June…
While the Nasdaq has retreated to levels last seen right at the end of May.
If we zoom out and consider that the bull market began in October 2022 – this is nothing.
Plus, there’s also seasonality – August and September have historically been some of the weakest months of the year.
The Fed is now almost guaranteed to cut in September, with many on Wall Street now forecasting a 50-basis point cut.
Of course, it’s natural to feel anxiety in such situations.
And I’m not saying the market will bounce back immediately.
In fact, we could be entering an aggressive pullback that may last for weeks – or even months.
But look at what happened last summer – those who panicked are probably still kicking themselves today.
And as I remind you in the Insight of the Day, there are always stocks that are rising.
Insight of the Day
Even as the market drops, certain sectors are actually breaking higher.
This is the Consumer Staples ETF (XLP).
As you can see, while the rest of the market is falling, this entire sector looks like it’s about to break out.
And it’s not the only one.
This is why I always preach looking beneath the surface – because there are always opportunities available.
That’s why tomorrow morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will show you where the biggest buyers in the market are moving their cash…
So you can position yourself right alongside them – and use their money to profit.
I’ll show you:
- How to detect when institutional buying pressure is building up in a specific stock…
- Why most traders are functionally blind to this buildup of pressure (and miss out on big gains)…
- And how to use my “PSI Gauge” to determine the exact point to jump into one of these “pressurized” stocks for maximum gains.
I want to help you turn this volatility into opportunity,
So please click here to save your seat for my live masterclass tomorrow morning…
And watch out for the login info in your inbox before it starts.
See you Tuesday morning at 11 a.m. ET
Customer Story of the Day
“I don’t have any regrets joining Insider Effect. Ben has given me the best customer service experience of my life. I am grateful to have met him through Traders Agency as he has really helped me reach some goals I have been looking for with tremendous patience.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
