Fantastic Trading Day

Cutout paper illustration representing scheme and Stocks inscription

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I am the first one to share the news that I had a fantastic trading day. This is not one of those times. On the contrary, I got hammered by 2.56%, and I screamed in retreat from over 100% committed to merely 50%. The well-received CPI ran over me like a truck.
 


Added to which, the “thing” going on in my personal life got totally upended last night, which has sent a bunch of stuff into abject chaos. Let’s just say the past 24 hours have sucked out loud.

As for the market, the small caps raged higher today, pushing to a new recovery high:
 


The Nasdaq blasted above its multi-decade trendline and cut to a new lifetime high.
 


Semiconductors did exactly the same thing.
 


And the S&P 500 likewise pushed to never-before-seen levels.
 


I thus end the day with a much lower risk profile and a serious need to hide under a blanket. To think that all it took was a “met expectations” CPI report is stunning. I’m not quite sure what else I could write about until tomorrow, and I think I’ll go cogitate for a while before daring to touch this keyboard again.


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Immediate CPI Reaction
The Secret To Apple’s Success
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Anthony Lewis 1 month ago Member's comment
The article shows how even experienced traders can be caught off guard when market reactions don’t align with expectations, reminding us that discipline and risk management are essential. It also highlights the importance of humility in trading, since no one can perfectly predict how markets will respond to economic data.