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- 📉 3 red days... but I’m not sweating (yet)
📉 3 red days... but I’m not sweating (yet)
This may be the perfect setup

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Good evening, Folks,
The three major indexes closed down for the third day in a row today, and honestly, I’m pretty happy about it.
The steady climb since April has been great and all, but for the markets to be healthy, the bears need some time in the spotlight too (though I think they will be wrong… again!)
Weekly jobless claims came in better than expected today, and an upward revision in second-quarter GDP to 3.8% helped undermine the case for more rate cuts this year.
However, the real story unfolds tomorrow morning with the August PCE inflation report at 8:30 a.m. ET – That’s the Fed’s favorite number.
The markets want a low number, of course, which would give the Fed a green light for more cuts. If they get it, expect a big bounce.
On the other hand, a hot number may put more pressure on stocks.
At times like these, I love looking for stocks that buck the downtrend, and right now, one of my favorite little companies has done just that.
The stock has steadily climbed 15% over the last three days, even as the Nasdaq has dropped nearly 2%.
So far this year, this stock has surged an impressive 50%, and I think there is more gas left in the tank to carry it further.
That gives me some confidence that even if things go poorly on the macro level, it has a good shot of doing well…
On the other hand, if we get a great PCE reading, it could see an outsized move to the upside.
The stock has a history of some remarkable moves, so I recommend getting this one on your watchlist right when my full writeup hits your inbox at 9:00 am ET tomorrow. 📬
Talk to you soon!
To Your Success,

P.S. Don’t forget to give Nate Tucci your ear this weekend- this guy is ON to something with Overnight Trades… Tim, Jack O and Tony agree!



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