“What counts more than luck, is determination and perseverance. If the talent is there, it will come through. Don’t be too impatient.”
I know Mr. Astaire talked about talent here, but when it comes to trading (especially the way I trade) talent’s got little to do with it.
The trading strategy is superior.
... okay, that’s my opinion.
But I’ve got my reasons.
For example, I’m mathematically on the way to having over a million buckaroos in my Roth IRA account in the next five years. That’s both a long time, and not a long time.
Of course, the market could do weird things ... or I could make massive trading mistakes ... but if I do stick to the plan, this is the likely outcome.
Which is pretty mind blowing to me.
Back when I was in high school or college, having a million to my name would have felt like pure luck. But now it’s in my sights and I know that if & when it happens, it won’t be luck.
It will be solid execution of a good plan.
It’s only a matter of time.
I hope the same for you, too.
All right, let’s talk about today’s market news...
Today’s Macro Headlines (Source: Yahoo Finance)
Consumer inflation rose at a 2.9% annual clip in August, ticking higher from July.
Yahoo Finance
Why it matters …
From the article …
“Month over month, prices rose 0.4% compared to July's 0.2% increase, an uptick compared to economists' expectations of a 0.3% monthly gain. The rise was driven by stickier gasoline prices and firmer food inflation.
Core inflation, which strips out volatile food and energy, rose 3.1% year over year in August, unchanged from July and in line with estimates. On a monthly basis, core prices climbed 0.3%, matching July’s increase, which was the strongest monthly rise in six months.”
If the Fed is “okay” with a 3% inflation rate to boost jobs, this is not a major obstacle to lowering rates next week. I honestly don’t believe they have a choice at this point. But they have proven me wrong before!
Index Snapshot

See the Legend in the footer below
Comments: We have a nicely green, PREMIUM-DECAYING start to the morning. The uptick in inflation might cause some trepidation about moving higher. World events are not positive, nor helping with the chaos. Keep working the system and it will work for you!
Stock Spotlight (Premium subscribers only)
I’ve got a trade idea this morning that’s going for around 1.16% return on risk into next Friday’s expiration.
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