Hey, Ross here:
Recession fears are now very much front and center.
The biggest catalyst for these fears were the uptick in the unemployment rate and the slower-than-expected job growth.
So let’s look at a chart that shows why this may not be such a big deal after all.
Chart of the Day
This chart shows the number of people who reported not being able to work in July due to the weather dating back to 1976.
This year, nearly half a million people reported not being able to work last month because of the weather.
Hurricane Beryl took out power to nearly 3 million people in Houston last month – and many are still reeling from the effects.
In short, the recession fears may be way overblown.
Now, this won’t immediately stop the selloff, as negative momentum takes on a life of its own.
But it does give us clues on how we should best position ourselves.
I explain more below.
Insight of the Day
Position yourself for a healthy correction – not a major crash.
Now, to be clear – this selloff was about much more than “just” fears of a recession.
The Bank of Japan raised rates last week, causing a major unwinding of the massive yen carry trade (essentially traders were borrowing zero-interest yen to invest in higher-yielding assets).
Investors are souring on all the overpromises of AI…
And the market was due for a pullback anyway.
So, barring an emergency rate cut from the Fed, don’t expect this selloff to quickly reverse.
But I believe we should be positioning ourselves for a healthy correction – not a major crash…
And that means focusing on the defensive sectors most likely to rise during times of turmoil.
That’s why later this morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will show you how to find the leading stocks within these defensive stocks…
By sniffing out exactly where the institutional buyers are moving their money to.
This is your chance to 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.
Let me help you use this correction to our advantage.
If you haven’t already, please click here to guarantee your slot for my live masterclass later this morning…
And watch out for the login info in your inbox before it starts.
See you at 11 a.m. ET later – please try to login early if you can.
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
