WHAT. A. WEEK.

It's a rollercoaster.

We had a mixed bag of earnings results from the Magnificent Seven.

While earnings overall were good, Wall Street punished for the smallest of misses here and there.

Wall Street thought it was the prime time to take profit from the epic run-up we've seen since.....November last year. Think about that. It has been one heck of a winning stretch.

This also follows a predictable seasonal pattern. What is that pattern? August is ALWAYS weak. 

It shakes money out of newbie pockets every year. It gets people freaked out that there is a crash around the corner on a small pullback every year.

It's like this every year.  I''m going to say every year again right now so hammer this point home that it's every year.

Bookmark this newsletter and re-read it every July 15th so you can prepare to trade August effectively from now on.

Also note that September 11th is when things start to look up again. This year , we could experience an upside whiplash reaction near the 11th, because Powell speaks right around the 12th every month to give his interest rate news. There are people placing bets he'll cut rates then, causing a rally. We shall see!