“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton [Friedman]: regarding the Great Depression, you’re right; we did it. We’re very sorry. But thanks to you, we won’t do it again.”
Yesterday I emailed a marketing guru who was running a sale.
I saw something in one of the emails he sent out that I thought was a hidden flaw. I knew that I was being a bit pedantic, since the flaw was a pretty advanced thinking thing, but I thought I’d point it out to him.
His reply was basically “it doesn’t matter, I’m just focused on writing great emails people love to read & buy from.”
Here I was getting caught up in some advanced strategies and this guy was keeping it simple & profitable.
It was a nice reminder of how easy it is to overcomplicate things (like trading) when simple ideas can be super profitable. Why go through the trouble when I can make easier trades?
That’s one of the reasons I like my trading system.
It’s simple & profitable.
Just collecting premium, week in and week out.
Aiming for that 1.5% per week.
Pretty easy money, if you ask me.
Today’s Macro Headlines (Source: Yahoo Finance)
Yahoo Finance
Why it matters …
From the article…
“The mood is muted as the ongoing federal shutdown puts paid to scheduled data releases, including the jobless claims update due Thursday. That has put the focus more firmly on coming earnings, watched for insight into the economy's health and to test high-running hopes for an AI boom.”
I think there is a typo in the first sentence where “paid” should be “pause” but who am I? It can’t be wrong. After all, it’s from the internet! Ha This is the sort of quality you get when not much is happening to write about. (You would, at least, hope they read through their copy before pressing “Submit” though.)
Anyway, it seems the shutdown is not causing anyone enough pain to discontinue it, so we trudge on. Honestly, I have not noticed any issues, but travel might start taking a hit. I understand that half the IRS workers have been furloughed and I am having a hard time lamenting that!
Index Snapshot
See the Legend in the footer below
Comments: Markets down a little bit, not a surprise to me. Yesterday was a big up day, today is probably a pause and get a breath day. There will likely be some profit taking and some red, but gradual increases are best for everyone.
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