Stars aligning for the bulls 🌌

I’m watching this one closely tomorrow morning

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Hey Folks, Jeff Bishop here.

The markets experienced a notable bounce back thanks to the cooler-than-expected July CPI data released this morning.

The Dow, S&P 500, and Nasdaq each closed up more than 1.1%, with the last two each closing at new records (which seems to happen nearly every day now!)

Between weak jobs data and simmering inflation, the stars are (finally) aligning for a rate cut — probably next month.

CME’s FedWatch tool now puts the odds of a September cut at 94.4%.

This was great news for small caps stocks.  We saw the IWM small cap index make a huge mover higher today.

And if Chair Powell doesn’t come through, President Trump says he is “considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.”

At the same time, we’ve had a solid earnings season, so it’s no surprise the indexes are hitting new records.

As I wrote to you last night, “I don’t see a lot of reasons to be a seller in this market (yet).”

That certainly played out with my “tactical trade” idea from this morning.

I wrote to you about a company that recently received millions in backing from Donald Trump Jr. and is aggressively pursuing a crypto treasury strategy.

After a steep decline yesterday due to a public offering, I thought it was ripe for a bounce-back today.

Here’s where it was heading into the closing bell:

That follows yesterday’s “tactical” idea, which peaked at 15% intraday before closing strong near that level.

Tomorrow, I’m revisiting a small stock that I’ve alerted several times since June.

If you’ve been locked into it, you’ve had a chance to watch it climb 48% over the past month.

But even from this level, analysts’ price targets suggest it has multibagger potential.

It’s been hugging the flatline over the past few trading days, and I’m watching it tomorrow for a potential breakout.

I’ll get you all the details to your inbox around 9am ET, so be sure you’re locked in at that time.

Don’t let another great idea pass you by!

To Your Success,

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