With markets still all over the place, I wanted to chime in with an update on how I’m approaching things.

The challenge now is that not much is working, and the things that do work tend to happen in a flash.

That makes having successful swing ideas very challenging.

And while the market’s had a nice bounce off the Monday morning lows, it’s hard to say
whether it can continue over the next week or so.

Stagflation is becoming a big worry on Wall Street because a global trade war could have the dual impact of hurting growth while boosting inflation.

So Thursday’s CPI report is of paramount importance.

If it’s hot, the market could send us back to the lows.

On the flip side, a benign CPI and better relations with our trade partners (especially China) could send us up.

Given the uncertainty, I’m going to be very patient in issuing new Power Plays Options ideas.

As I’ve told you, there are times when it’s best to keep your powder dry and wait for better
opportunities.

There’s no sense in sending you ideas when the downside risks are significant.

I’ll do my best to keep you updated on the best ways to navigate these turbulent times.

I’ve been through the tech bubble bursting, the housing collapse, Covid, etc.

We will survive this—but only if we are smart and manage risk properly.

Good luck out there.

-Scott