Stansberry Investor Hour

Dan and Corey delve into the Personal Consumption Expenditures (PCE) index and its latest release from last week. They discuss the significance of this development and how it could affect the Federal Reserve's decision to raise interest rates. The two also point out that recent behavior in the bond market suggests that the end of the Federal Reserve's rate-hike plans may be near. While this move may contribute to future CPI and PCE numbers, Dan and Corey are not entirely convinced that it will solve the other issues in the economy. Then, Dan introduces Michael Harris, a renowned quantitative trader who is credited with developing the first program to identify anomalies in price action and generate automatic code for popular platforms. Michael is also a prolific author, having written four books on price recognition and his market analysis blog, Price Action Lab. Michael explains his approach to trading and notes that while there are no barriers to entry in trading, the biggest challenge is maintaining discipl