Morning Minutes

8-14-26

Good morning Traders,

Retail sales just dropped posting a -0.6% contraction. While lower retail sales is bad, it does continue to push the FED into a corner. Consensus has been that they would hold rates steady or maybe even an increase. The problem they have now is we have shrinking retail sales, shrinking jobs, and inflation is now getting closer and closer to target.

Its not a great picture for us as a whole, but it does paint a bullish picture as the FED is now going to have to shift to a more dovish stance and think about reducing rates.

For today session, as always, we need to keep Iran war in mind before going ultra bullish. GLD is up this morning. Risk on sectors are neetral / bullish. Defensive sectors are mixed.

I would like to see a continuation of the breakout yesterday but again, we need to be cautious about going full bull into the weekend and with us into all time high territory. This is usually when retail traders get jaded and lose all their profits.

No changes to positions yesterday, we have alot of runners absolutely crushing it. I may look to add a few more today.

HOOD , MRNA, NNE - all have paid out nicely - currently in risk-free runners in these.