Why the Market Dropped Yesterday

You might be wondering…

Why did the market drop yesterday despite no major bad news?

📉 The culprit? US jobless claims came in much lower than expected

That’s usually a good thing, right? More people working, strong economy…
But the market saw it differently.

When unemployment is low, it signals the economy is still running hot.
Which means — the Fed might delay interest rate cuts or cut less than what traders had hoped.

So once again, it’s one of those “good news is bad news” moments.

My take as a long-term investor

Honestly, I’d still rather see low unemployment.
Why? Because more people working = more retail spending = stronger corporate earnings 📈
And over the long run, earnings drive stock prices — not headlines

This is the kind of environment where staying focused and having a clear plan matters more than ever

🎥 Replay: Market Outlook, ETF Pick, and Trade Setup

If you missed my latest live webinar, the replay is now available (till Sunday for the public and SMG member gets forever access):
👉 https://investwithpete.teachable.com/courses/smg/lectures/63252501

Inside, I shared:
✅ My 6-month market outlook
✅ The ETF I believe is best positioned for US exposure
✅ The one trade setup I’m personally preparing for

Watch it to understand what I’m seeing and how I’m navigating this market

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Let’s stay sharp out there
Watch the replay and plan your next move with clarity and conviction

Happy Hunting!

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.