What to do this morning immediately

Good morning!
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And just like that ... poof!

Here’s my playbook.

Put this (in your market and smoke it)

What’s happening. This morning’s inflation report came in “hotter” than expected. (Read)

Like that's a surprise.

‍Mainstreet has known better than Wall Street and the flippin’ Fed from the very beginning that this would be the case. The Fed can raise rates till the cows come home and it won’t matter. Inflation data is pre-cooked and, as evident by this morning’s report, still a lot hotter than the boffins want you to believe.

‍What I’ll be doing this morning. I took a position in a few speculative SPX puts last week and again just before yesterday’s close. I closed all for a profit this morning. Now, it’s time to get busy and do a little bargain hunting, starting with stocks that I wish I owned more of.

‍What I hope YOU will be doing. The same thing.

Learning to trade around core investment positions is an important skill in today's markets.

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Now strategists are worried??!!

This kind of stuff always amazes me. Strategists are suddenly “worried” that Moscow could look for ways to punish Kyiv after a massive counter-attack that’s put Team Putin on the run. (Read)