Hey, Ross here:
Yesterday, in this newsletter, I said that the odds are that the markets would dip as it was Warsh’s first FOMC press conference.
It played out exactly as expected.
In fact, the dip that happened yesterday was larger than all the other previous Fed Chairs’ first FOMC conference.
The question is – is the dip just a temporary blip?
Or could we see another pullback?
Chart of the Day
This is a chart showing the composite performance of the S&P 500 from 1950 to 2025.
And as you can see, the period from June 17 to 26 – dubbed the “June Swoon” – has historically been a pretty bad time for the market.
Now, I don’t put too much stock in these kinds of historical comparisons.
But I also won’t be too surprised if the dip continues – right into another market pullback.
Especially considering the level of retail pessimism that is still floating around…
Which will only amplify any pullback.
So in short, don’t be surprised if we walk straight into another pullback that lasts a couple weeks.
But I’m not worried about it.
As I’ve said before, earnings growth is out pacing valuation multiples.
And even during the recent pullback, we still consistently saw more new highs than lows – indicating breadth still held up.
All that is a good sign to me.
So if we see another fast pullback, that’s just a positioning opportunity.
But let’s go back to new Fed Chair Warsh for a second.
He said something yesterday during the press conference that only the “pros” picked up on…
And yet, it’s something that could have major implications for the market.
I explain below.
Insight of the Day
We’re likely going to be looking at a far more uncertain and volatile market moving forward
Because Warsh has indicated he wants to strip down the Fed’s policy of “forward guidance” – where they provide clear views of where they see rates moving forward.
Typically, the Fed’s forward guidance sets the tone for a lot of the market.
If that gets dramatically scaled back…
That means less information in the market…
Which means more uncertainty – and thus more volatility.
For most traders, this is a bad thing.
But for certain traders, it’s a great thing.
I’m talking about traders who already have a massive informational edge in the market…
And have just seen the strength of their edge increase even more.
Traders like the corporate insiders…
High-ranking execs like CEOs, CFOs, and Directors exploiting an SEC loophole to snap up their own company stock…
Often ahead of major events like big contract wins or successful clinical trials.
And that’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE to show you how to follow these insiders and position yourself ahead of the crowd…
Using a strategy that could have netted you a nearly 50% gain in just the past few weeks…
As well as have you sitting on open gains as high as 1,405%.
After my insider walkthrough today, you’ll know:
- Where to find the complete record of these insider trades…
- The warning signs you must know before following the insiders…
- And the 3 most powerful – yet counterintuitive – insider buying signals I look for before making a move.
Attendance is free, but spots are limited and we expect a very packed room.
So click here to lock in your free seat if you haven’t yet…
And I’ll see you later this afternoon at 3 p.m. ET.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
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Customer Story of the Day
“I recently attended my first Ross Givens live session, it was very educational.
He encouraged questions and shared valuable insights that I applied immediately.
He has a deep understanding of the stock market and explained his analytical methods in a way that was easy to grasp, even for beginners.
All of his trading strategies were presented with real-world current examples.
I walked away much more confident in my ability to analyze stocks and make informed investment decisions.
Highly recommended!”
Ross Givens
Editor, Stock Surge Daily
