Home » This is Not the Time to Panic

This is Not the Time to Panic

Hey, Ross here:

Welcome to a new trading week.

Markets posted a big fat red candle last Thursday. But by the time they closed on Friday, they had mostly recovered to Wednesday’s levels – although they still closed lower for the week.

So let’s zoom in on Thursday’s market move and explore what it tells us about the market.

Chart of the Day

On Thursday, Minneapolis Federal Reserve Bank President Neel Kashkari gave an interview to Pensions & Investments on LinkedIn Live. 

And unlike Fed Chairman Jerome Powell, who is careful to follow scripted remarks, Kashkari spouted opinions of his own. And at 2:03pm ET, he said this…

“But if inflation continues to move sideways, makes me wonder if we should cut rates at all this year.”

You don’t do that.

Especially after Powell just confirmed the Fed’s plans to cut rates 3 times in 2024.

This mixed messaging caused panic. And traders dumped stocks like they were on fire.

Above is a 5-minute chart of the Nasdaq index showing how things played out.

Thursday morning, the indexes were less than 1% from all-time highs.

By the close, the Nasdaq was touching the 50-day moving average… the first time it has done so since November.

In one hour, we learned what investors fear the most – interest rates.

Outside of a Black Swan event, failure to act by the Fed and follow through with its promise of rate cuts is the only thing that will stall this bull market.

Still, as I explain in the Insight of the Day, this is not the time to panic.

Insight of the Day

Don’t switch your strategies at the first sign of weakness – always wait for confirmation.

This was the first sign of weakness in five months.

On top of that, we have yet to go through a healthy pullback that’s necessary for the next leg higher.

Now is not the time to panic – or even switch to defense.

But, we should position ourselves more strategically.

That’s why tomorrow at 11 a.m. Eastern…

I’m going LIVE for a masterclass that will allow you to position yourself in the highest-potential “insider” stocks…

Stocks where their own executives – those who know every last detail about the company – are eagerly snapping them up.

That’s how you play it smart.

So make sure you click here to secure your spot for my masterclass…

And watch out for the login details in your inbox closer to the start time.

I’ll see you tomorrow at 11 a.m. ET sharp.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Tech stocks are rallying – and Ross Givens’ #1 Tech Stock of the Decade has been making BIG moves you don’t want to miss.

Whats in the Article