Hey friend,

We got manufacturing data from New York this morning, which showed a sharp downturn.

Tomorrow we get retail sales and import price data.

But the biggest news this week comes Wednesday – when the Fed releases its interest rate decision and shares its economic outlook.

Note: All indexes closed significantly lower on Friday – to little surprise. But they opened sharply higher this morning, and have been moving up throughout the day. Only the Russell 2000’s long-term direction is in the red.

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When the market reacts, you can choose how to respond.

Just because the market reacts doesn’t mean you have to respond the same way.

There’s a key difference between reacting and responding.

Most traders only know how to react…

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For instance, think of what would have happened had you panic sold on Friday…

Only to see the markets react so positively today.

Still, that may very well change in the next few days.

Should that happen, you’ll likely see a lot of exaggerated reactions…

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The Traders Agency Team

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