You simply can’t ignore these stats! Happy Hump Day, Folks.

[RagingBull Elite]( [SAJ Training Wed, 2pm EST]( Come hear how…        Jason just hit his 100th win since inception! (that’s → 100W’s / 7L’s) *Trading is hard, results not guaranteed. Trading IS Hard. It Might Even Seem Impossible. But take it from Tim: [See What All the Fuss Is About!]( --------------------------------------------------------------- As a trained economist, I like to say, “The proof is in the data.” And let me tell ya, after what happened yesterday, I think I may have less clarity about the future path of the economy than I did coming into the day’s session. Here’s why… Do you remember when you were a kid, watching Saturday morning cartoons? Man, I used to love Saturday morning cartoons. I used to love those EPIC psychological battles between Bugs Bunny and some of his biggest enemies? One episode in particular, when Bugs and Daffy Duck went back-and-forth, with one declaring “It’s wabbit season,” and the other proclaiming “It’s duck season,” stands out as being my favorite. Well, that’s kind of what happened yesterday when two important economic windsocks reported earnings and provided forward guidance. First, global economic bellwether Caterpillar (CAT) saw its shares jump more than 7% after the company reported stronger-than-expected earnings for the 2nd quarter. The standout here, though, was the fact that CAT management said resilience in the US economy now has Caterpillar expecting the rest of 2023 to be "even better" than it initially planned for. You could have predicted this, since a lower value for the US Dollar makes things cheaper to buy overseas, like CAT machines (I teach on this a lot in my live sessions – you should make a habit to show up!) These are powerful words from such an important company. But then there was Norwegian Cruise Line Holdings (NCLH), which saw its share price drop 12% after the company reported weaker-than-expected guidance for the current quarter. Now, cruise lines – which are an excellent bar for measuring consumers’ will to spend their discretionary income – have largely rallied this year, and shares of Norwegian were still up nearly 80% leading into Tuesday's report. But to see the company suggest that forward guidance looks weak is not promising for consumer spending predictions. So what happened to futures this morning? Well, after all this back-and-forth, futures were hammered early on after news of a U.S. downgrade and Trump indictment triggered a pullback. 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