Well, somehow we’re already a full month into the new year. Guess we’ve gotta stop calling it the new year now.
That’s 8.3 percent of the year gone if you’re just counting by month, and 8.49 percent if you’re counting by day!
Also, the next leap day is 700 days away.
Just some fun math facts to wake the brain up this morning!
Hope it’s not too cold where you’re at today.
It’s getting nicer here. We were supposed to have a snowstorm over the weekend and missed it… which I thought was good news, until I ventured out with my son Jax and learned how icy the roads were.
I had some real white-knuckle adventures that morning, but hey, everyone’s alright and now it’s warming up a bit!
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Okay, with all that said, thought I’d bring your attention to a headline this morning, and, unfortunately, it’s a bit too much like a lot of headlines we’ve seen lately.
In other words, it’s not happy:
Welp, that’s not good news.
We’ve been talking recently about the farming shortages that are sure to hit the U.S. and the whole world. Shortages of oranges and other fruits and veggies (and poultry and beef, too) that need the supply chain, more employees, and better weather to really thrive.
Well, according to at least this article, it sounds like really bad news.
Hopefully, it won’t end up being the end of the world.
But we’ll have to wait and see.
In the meantime, I want to encourage you, when you see a headline like this, not to ignore the potential trading side of the story.
Remember that the stock market, just like any other market, is driven by supply and demand.
So when you read a headline like this, you can be sure that there the scarcity will lower supply and consequently drive up demand for something. The only challenge is figuring out how the market reacts to that.
One thing I’ll definitely be watching is the Teucrium Corn Fund ETF, CORN.
But here’s the most important thing:
You know that I’m not a “fundamentals” trader. That means I’m not just going to read the headline, freak out about the first trade I think of, and place it.
So I’m looking at CORN at the moment. Right now, it seems interesting, but I’ll need to wait for my Echo Trades technicals to back up what the narrative is telling me.
With that said, I do have one other trade that first appeared as a headline, then turned into a great long-term Echo setup.
You will hear about it soon, possibly as soon as tonight’s appreciation webinar at 5:00 PM. Sign up here to join me, it’s totally free!
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
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