Hey, Ross here:
I gotta hand it to Powell – he didn’t screw it up for us for traders for once.
In fact, he actually managed to do the opposite.
Chart of the Day
The Dow is now at an all-time high.
The S&P 500 is less than 2% of its all-time high and has just breached the 4,700 mark.
The NASDAQ is at its highest level since January of 2022.
US 10-year Treasury yields look about to fall below the 4% mark.
We’re in a very good spot.
Because the Fed just told the market it could cut rates three times in 2024.
This is great news…
But there’s one big caveat – you can’t wait to act.
I explain why in the Insight of the Day.
Insight of the Day
Much of the positive effect of the 2024 rate cuts on stocks will start happening NOW – before the rate cuts actually happen.
Stock prices trade based on expectations.
So now that the Fed has said it would slash rates multiple times in 2024…
Markets will start pricing in this positive effect NOW – before the actual rate cuts happen.
And this means if you want to ride the Fed’s “rate cut” rally – you have to get in position now, not later.
I’m going LIVE in a few hours at 12 p.m. Eastern today for my FINAL masterclass on a strategy that just delivered results like this:
A strategy that has never had a losing year…
And a strategy that shows you how to position yourself alongside the in-the-know corporate insider in tiny stocks with IMMENSE profit potential.
After today, I won’t be giving any more live masterclasses on this strategy for at least a few months…
Meaning by the time I do so again, the market could be much much higher than it is today – and you might have missed your shot.
Clear your schedule…
And keep a lookout for the login details to my final live masterclass in a bit.
See you there.
Let’s go after the Fed “rate cut” rally together.
Embrace the surge,
Editor, Stock Surge Daily