Reacting to the CPI crash

Hey traders,

If you watched my video yesterday, I was pretty clear that a BIG move was coming in the market today.

It all would depend on CPI, which dropped this morning.

With a better-than-expected number, the markets probably would have soared.

With a bad number, the markets would tank.

And that's exactly what they did. Let's chat about it.

Watch the Video

Here's what you really need to understand:

A good reaction to CPI would have been an artificial high, a "sugar rush," if you will. It would have looked good for a few days, but the overall reality of the market wouldn't change.

But the exact same thing is true in reverse. Today's response is a temporary overreaction. It doesn't mean we're due for a long move way lower.

In the meantime, though, just be calm. Take a breath. Don't panic about today's movement. If you have shorts on the table, you may want to take some profits or limit your losses on other open trades.

And if you want a game plan for how I tackle bear markets rather than running away from them, you may want to check out my Income Emergency Handbook.

There's no reason to panic here. Just let the chips fall where they may, and everything will be a-ok!

Trade well,