Inflation Lower than Expected and Meme Stocks Tumbling
Dear Traders,
Happy inflation report day! Today, we all learned that inflation is at 8.5%, a bit lower than anticipated. The market gapped up over 1.5% and stayed strong, but traded in a very narrow range. The biggest mover of the day was META and Zuckerberg, and also my biggest winner. You can watch the recap that Brian and I posted here. The crypto market is strong, but meme stocks like AMC and BBBY are not having a good time. It’s not a good time to be a holder of them.
For Wednesday Psychology, Créde will be leading a presentation entitled: Putting the Mental Edge Pieces Together. After six content-packed webinars, a whole lot of mental training techniques have been covered by Créde, all designed to help you cultivate the mental edge. However, are you feeling overwhelmed by the sheer number of potential strategies? In this webinar, Créde will revisit all the key techniques outlined in the series and discuss how you can synthesize these to create an Olympic medal-standard mental training routine. The webinar begins at a special time of 5pm ET.
I will be back to the office shortly in order to get ready for both our LA Meetup Retreat (RSVP here) and for our boot camp that starts on September 6. 50% of the seats for the boot camp were sold out by the second day of registration. If you wish to join our mentorship program, I encourage you to not delay and sign up sooner rather than later.
Although I will be missing trading on Thursday, Ardi will be having a great talk with Créde on YouTube Live tomorrow. I hope you can join the show. There’s always much to learn from Créde.
To your success,
Andrew
PS: If you are not yet an Elite annual member, I urge you to take advantage of our current promotion and receive 50% off the cost of an Elite annual membership. In doing so, you will receive one full year of access to everything that Bear Bull Traders offers including all of our educational, psychological, and mentorship resources. More information can be found here.
