WE’RE ON YOUTUBE NOW! See HERE & HERE (Yeah … I’m REALLY excited about this).

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

FAIR WARNING: Note that (including today) we are 4 TRADING DAYS AWAY FROM JUNE INFLATION DATA.

ANOTHER SHORT PLAY ADDED YESTERDAY: I see some downside catalysts ahead so lets see if we can’t take advantage of inherent uncertainty with crappier than usual valuations. 3x short ideas in the paid section.

UPDATE FOR PAID SUBSCRIBERS: I added some information that I’d prefer not to advertise publicly in the paid section below. If more people did this strategy it would make life fairly rough on those who implement it well. It’s kind of an open secret. You will find it under “TIP OF THE DAY.” However, I’m warning you, if you do this you will become all that you personally hate. You will also recognize some increased value in the daily insider buying report I publish daily in the paid section below.

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UPCOMING MARKET MOVING NEWS: There’s plenty of employment data coming out this week. We want to see the job market weakening! It’s the only way inflation is going to get under control folks. So don’t expect the markets to rally on strong jobs numbers. Friday we have Wholesale Inventories. It would be marked in red if only the data was more recent (The numbers are for May). Analyst consensus on Wholesale Inventories are a 2% increase MoM for May. You don’t want to see it come in higher than that … it means businesses are having a hard time moving product. Either way I can’t possibly speak to everything coming out this week. See below.

WORLD MARKETS: I see a lot of chat about optimism … it is indeed that time of the month … the time where people conveniently forgot about the upcoming inflation report & subsequent Fed rate hikes.

• Stock futures slightly higher following third straight day of gains for S&P 500

• South Korea stocks lead gains in Asia as investors react to Fed minutes

• European markets build on gains; UK PM Johnson reportedly set to resign

RECOMMENDED:

• Euro continues to slide toward dollar parity — and could fall even further

• Op-Ed: Energy supply fears have Europe in a panic as it tries to avert a full-blown crisis

TODAY’S EARNINGS & CONSENSUS EXPECTATIONS: