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Wednesday, July 16th
“Life seemed an inextricable confusion. Men hurried hither and thither, urged by forces they knew not; and the purpose of it all escaped them; they seemed to hurry just for hurrying’s sake.”
– W. Somerset Maugham
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Up
🇺🇸 United States: Mixed
🛢️ Oil: Down
⚡Crypto: Up
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The slowest of the mighty MAG 7 stocks…? Is AAPL dead in the water?
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Major Market Events
- Goldman Sachs Profit Surges — Investment banking revenue rebounds as trading benefits from tariff-related market swings
- Trump’s Tariffs Shake Markets — big bank earnings soared on tariff-fueled volatility, while uncertainty looms around Trump’s next economic move
- US Producer Prices Surprise — after CPI surged yesterday, PPI unexpectedly cools, adding more fuel to inflation debate ahead of Fed’s next decision.
🤔 My Thoughts
Let me ask you something…
What’s the difference between 2.4% and 2.7% inflation?
If you said “not much,” congrats — you’re officially more honest than most Fed economists.
Because today, the new inflation print came in at 2.7% — above the 2.6% estimate — and you could practically hear the sound of eyes rolling on the Profit Panel.
Jack Carter said it best:
“Before they go to lunch they go, ‘How about we come up with 2.7?’ Yeah, that sounds good. Let’s go eat.”
Jeffry Turnmire added:
“They’re just chasing the market. Always have been. They don’t lead — they follow.”
And honestly? I agree.
I used to put way too much weight on this stuff.
But over time, I realized most of it is noise. It’s not predictive. It’s not consistent. And half the time, it’s just narrative dressing for moves that are already happening in price.
That’s why I don’t trade based on Fed announcements. I don’t touch a setup just because Powell says a few dovish words.
What I do pay attention to?
Price. Volume. Behavior around key levels.
Like today — NVDA gapped up hard. Tesla’s churning around key support. ASTS popped out of a nice flag setup.
All of that mattered way more than the “hotter-than-expected” inflation number.
So yeah — they might say it’s 2.7%. But unless the market reacts like it’s a big deal, I’m not changing a thing.
Because you know what has been working lately?
Following the trend. Filtering with EMAs. And when the setup’s right — stacking some extra income using strategies like the Wheel.
More on that in a minute…
For now, my rule is simple: Trade the chart — not the press release.
I talked all about this on yesterday’s Profit Panel show… if you missed, it join us today for more actionable trading tips.
Register your spot here to join us next time we go live!
To Better Trading,
Alex Reid
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