As you know, I’ve been hunkering down with my family all week, thanks to Hurricane Milton. And while our area suffered from some power outages and downed trees, we were fortunate to not sustain any real damage.
In fact, the eye of the storm passed right over us, which is something I’ll tell you more about on Monday.
If you, your family, or your friends were in the path of this storm, I hope that you’re all safe.
And being the second hurricane in a span of just 13 days, Hurricane Milton and its aftermath has been THE news story of the week (understandably so).
But it’s not the only one… There other major events happened that could’ve been easily missed:
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The SPDR S&P 500 ETF Trust (SPY) is closing in on new all-time highs. It cracked $580 earlier this morning (the price target I predicted back in June) before falling back to around $579. And it’s been hovering in that range ever since.
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Trump Media & Technology Group Corp. (DJT) is a stock I’ve been following this election cycle, especially as we get closer to November. Although it’s been making headlines for its rapid decline, DJT soared to its highest closing price in six weeks – thanks to Trump’s announcement that he wouldn’t be selling his shares and Elon Musk’s guest appearance at Trump’s recent rally in Butler, PA.
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The monthly numbers are in and inflation dropped to 2.4% – its lowest level since February 2021. Despite this cooldown, consumer prices are still up 21% from over three years ago.
So, we’ll talk about what this means for the overall markets – and your pockets – next week.
In the meantime, I want to take a minute to run through everything we covered over the last few days…
On Monday, I shared the foundational secrets of my trading success.
On Tuesday, I revealed one costly mistake traders are making every day.
On Wednesday, I walked you through the importance of a risk graph and how to use it.
And yesterday, I showed you the five charts I analyze every week for profits.
Remember, you can find all our daily content on the Patterns & Profits website.
I hope you enjoy your weekend – we’ll talk again soon!
Tom Gentile
America’s Pattern Trader