Hey, Ross here:
The Fed releases its rate decision later this afternoon.
It’s widely expected to hold rates steady…
But what the market will really be looking at will be Powell’s comments on his outlook for the economy and future interest rates.
If history is any indication, his comments will most likely lead to a spike in volatility.
But to start the day, let’s look at a very different perspective for Monday’s “AI stock crash”.
Chart of the Day
Even as the S&P 500 slid by 1.5% on Monday, there were 200 more advancers versus decliners in the index.
That means during the Monday pullback, 350 of the S&P 500’s stocks rose, while only 150 stocks declined.
Normally, when the index pulls back to such a degree, the vast majority of stocks in the index pull back as well.
This was not the case on Monday. In fact, it was the total opposite.
What happened was an extreme outlier – the first time in over 20 years.
Of course, because the index is so heavily weighted toward the mega-cap tech stocks, their decline dragged down the entire index.
But as I remind you below – we are not index investors.
Insight of the Day
As long as there are individual stocks rising, there are always opportunities for savvy traders.
Sure, it’s a bad time to be a “buy and hold” long-term index investor.
But we’re not index investors – we’re traders.
As long as there are stocks moving up, there are opportunities…
And as I just showed you above, even on Monday, there were more stocks going up than there were going down.
That means opportunities are abundant – you just have to know where to find them.
Right now, the institutional money is probably trimming some of their tech/AI positions…
And rotating into other stocks and sectors that are still rising.
Our opportunity?
To use their money for our profits.
That’s why, yesterday morning – I went LIVE for a training session to reveal the market pressure point that signals the EXACT moment institutions may be piling in.
With money rotating out of AI, there’s never been a better time to use this pressure point strategy.
We’re still keeping the training replay up for today…
So, if you missed yesterday’s session, you have one last chance.
Click here to watch the replay of my live “Pressure Point” training while you still can.
Customer Story of the Day
“I guess I have been a newbie in the stock market for years. Buying a stock and just letting it ride.
Yes, I made a little money, but after finding Ross Givens and his educational methods a few months ago, I have moved the stocks in my portfolio to ones with more potential than ever before.
I am so impressed I purchased a lifetime membership and learned a new selection method daily.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
