The markets have been in a full-blown whirlwind the past few weeks.
First, a tariff tweet from President Trump reignited the U.S.-China trade war. Then, the yield curve inverted between 10-year and 2-year bonds for the first time in a decade, warning a potential recession to come.
The financial news networks were running headlines left and right about the failing U.S. economy, claiming that “A U.S. Recession Is Coming.” And investors were running around like chickens with their heads caught off, moving their money out of fear and causing the Dow to drop 800 points in one day.
But now, less than a week later, things have changed. The White House eased recession fears, and the People’s Bank of China made its own version of a rate cut. After one of the worst weeks for stocks all year, the Dow closed about 250 points higher on Monday.
In times of turmoil like this, I have one vital rule – Never trade on headlines.
In fact, that’s exactly what I talked about in my recent Boot Camp video called “Stop Playing by Wall Street’s Game.” If you missed it, you need to go here.
Now, the news changes every day. That’s something we’ve seen firsthand these past few weeks. It’s important to look at reliable patterns, not random headlines, in order to formulate a trading plan.
And I’m going to show you one of those patterns today. There’s one asset that looks poised to rise for the remainder of the summer, and if you play it right, you could cash out before Labor Day.
America’s #1 Pattern Trader