Hey, Ross here:
You can’t predict what will cause a pullback to happen – or exactly when it will occur. That’s just reality.
I’ve been saying that a pullback has been overdue – and I was right.
And in this case, it looks like inflation may have done the job for us.
Chart of the Day
The downward move in stocks after yesterday’s hotter-than-expected inflation print was the worst on record since September 2022.
Too many traders had priced in early rate cuts from the Fed – and yesterday’s data just threw cold water over their expectations.
If you’ve been reading this newsletter, you shouldn’t be surprised by this.
In fact, as I elaborate in the Insight of the Day – you should be thankful.
Insight of the Day
Healthy pullbacks within broader market rallies are necessary pit stops that also present opportunities.
A market rally without a pullback is a rally that can only crash and burn.
Healthy pullbacks create sustainable bull markets – which is why I’m actually glad the market is falling.
On top of that, they also present the chance to scoop up the highest-potential leading stocks at sweet discounts.
You want to target those market leaders anyway – so being able to grab them for cheaper is a nice added bonus.
Don’t waste this chance.
Later this afternoon at 4 p.m. Eastern, I’m going LIVE for a masterclass on how to target the best of these leading stocks using a time-tested formula adapted from the greatest traders in history.
Once you see how this formula works for yourself, you’ll know exactly how to spot these market leaders (something even many experienced traders have no clue about)…
And you’ll be able to turn this pullback from worry into opportunity.
So just make sure you click here to save your seat for my live masterclass later…
And watch out for the login details in your inbox later this afternoon.
Let’s exploit this pullback together. See you soon.
Ross Givens
Editor, Stock Surge Daily
