# Forget About the Fundamentals (Controversial)

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Hey, Ross here:

Another day, another record close for the S&P 500 – with an added serving of much better-than-expected GDP growth _(3.3% actual versus 2% consensus)...._

Plus another 2% annualized reading for the Fed’s favored inflation gauge – giving them the room they need to cut rates.

All this is great.

For today’s chart though, I want to “zoom in” a little and highlight something of critical importance this earnings season.

**Chart of the Day**

![](https://stocksurgedaily.com/wp-content/uploads/2024/01/image-13.png)

This is a chart showing Tesla’s just-reported quarterly net income that absolutely dwarfed previous quarters…

Next to a chart of its stock price plunging by double-digits on the news.

Imagine how traders who bought more Tesla stock in anticipation of such “blockbuster” earnings must feel.

This is why I laugh at those who keep harping on about stock “fundamentals”.

Yes, they matter – but much _much_ less than most think.

The thing that matters most when it comes to making fast money in the markets? I explain in the Insight of the Day.

**Insight of the Day**

**Understanding market expectations is the key factor for making fast money in the markets**.

Stock prices trade on expectations.

And often, as in the case of Tesla, the expectations that have been priced-in already exceed that of the fundamentals _(even if they are good)_.

That’s why blindly looking at fundamentals – without understanding what expectations have already been priced in – is a losing game.

Those who can identify mismatches between a stock’s expectations and fundamentals win.

The thing is, fundamentals are obvious – anyone can pull up an earnings report – whereas market expectations can be very difficult to gauge.

That’s why I’ve come up with a strategy for accurately targeting these mismatches between a stock’s expectations and fundamentals…

By tapping into knowledge that is unlikely to be reflected in stock’s price.

And **later today at 12 p.m. Eastern…**

I’m going LIVE for a masterclass on how you can use this knowledge to target fast market moves – no matter what’s happening in the broader markets.

This strategy works all year round – but it’s especially powerful during earnings season.

So don’t waste your chance.

**[Click here to save your seat for my live masterclass later…](https://clktrac.com/JoinRoss/ssd_web_editorial)**

And watch out for the login details in your inbox shortly.

See you soon.

**Ross Givens**  
Editor, _Stock Surge Daily_