If you choose to no longer receive our free newsletter and daily market updates, click here to UNSUBSCRIBE
|
Trendsters, is the Market's Fairy Tale Coming True?
Inflation is chilling out, the Fed's poised for rate cuts... Is the stock market's dream scenario finally becoming reality? Today, we'll explore this exciting possibility, uncovering the potential implications for your investments.
But that's not all! We'll also examine SMCI's remarkable rebound and see if $2000 is truly within reach. Plus, stay tuned for market-moving news, some intriguing trivia, and much more! So hold on tight, because today's newsletter is packed with valuable insights and thrilling developments! |
|
|
Man behind OpenAI makes shocking new bet
|
Billionaire Sam Altman, the force behind OpenAI, is backing a new company that could outshine OpenAI.
Thanks to an obscure Trump-era law, this company is now viable and may partner with OpenAI, the US Military, and global giants.
Discover this groundbreaking investment. Check out our detailed report here! By clicking the link above you agree to periodic updates from Wealthpin and its partners (privacy policy) |
|
|
A Breath of Fresh Air on Wall Street |
After a long dry spell, Wall Street finally saw a splash of green this week. It wasn't a torrential downpour, but a gentle rain of positive news – robust retail earnings, cooling inflation, and resilient consumer demand – nourished the market's growth. Even with a light news day, investors were keen to buy into the emerging "soft-landing" story.
Expert opinions suggest a 25-basis point rate cut is more likely than a 50-basis point one next month, unless the economic data takes an unexpected turn. Meanwhile, all eyes are on Fed Chairman Powell's upcoming speech at the Jackson Hole Symposium for clues on the Fed's future moves. Market Scorecard: - The S&P 500® index (SPX) inched up 0.2% to 5,554.25, wrapping up the week with a solid 3.9% gain.
- The Dow Jones Industrial Average® ($DJI) climbed 0.24% to 40,659.76, posting a 2.9% weekly increase.
- The Nasdaq Composite® ($COMP) rose 0.21% to 17,631.72, enjoying a 5.3% boost for the week.
- The 10-year Treasury note yield (TNX) eased to just above 3.89%.
-
The Cboe Volatility Index (VIX) retreated to a three-week low of 14.74, signaling calmer waters ahead.
What's Next?
The spotlight now shifts to the Fed's Jackson Hole gathering. Beyond Powell's speech, the meeting will offer insights into the central bank's thinking on monetary policy. Meanwhile, key economic data releases next week, including existing home sales and manufacturing PMI data, will further shape the market's narrative. Strategic Considerations: - Keep your finger on the pulse of Fed communications and economic data.
- Look for potential opportunities in sectors demonstrating resilience, like financials, utilities, and technology.
- A balanced, diversified portfolio remains a wise strategy amidst ongoing market uncertainties.
-
Prepare for potential volatility as the market digests new information and assesses the Fed's future course.
The road ahead may still have its twists and turns, but for now, Wall Street seems to be enjoying a pleasant summer breeze. Remember, informed decision-making is your compass in navigating these ever-shifting market currents. |
|
|
Jack just unlocked his “profit-sharing” portfolio |
Jack Carter just did the unthinkable. He revealed his entire “Profit Sharing” portfolio to traders globally! With skyrocketing costs, even hard workers are struggling. Jack’s revealing his picks to help you get ahead.
Free Access to Jack’s Portfolio!
Join the free broadcast now and learn Jack’s 3 golden rules for picking dividend stocks. Don’t miss out!
|
|
|
Inflation's Got a New Diet, and It's Not Keto |
Remember when inflation was the uninvited guest at every economic party, hogging all the snacks and leaving everyone else hungry? Well, it seems like inflation's finally decided to try a new diet. And while it's not exactly keto, the recent CPI report shows it's definitely shedding some pounds.
Maybe it's all the Fed's talk about rate hikes that scared it straight. Or perhaps it's just tired of being the bad guy. Whatever the reason, we're not complaining!
But don't get too comfortable, Trendsters. Inflation might be slimming down, but it's still lurking around, ready to sneak a cookie or two when we least expect it. So, keep an eye on those price tags, and remember, a balanced portfolio is always the best defense against any market surprises.
After all, as they say on Wall Street, "The only thing certain about the market is uncertainty." |
|
|
SMCI’s Rebound Rally—$2000 in Sight?
|
Super Micro Computer Inc. (SMCI) is making a strong case for a bullish breakout, with its latest 1-week green candle shining the brightest since May. After last week’s brief stumble below the 1-week MA50 (blue trend-line), SMCI has staged an impressive comeback, bouncing back from the edge of panic and showing it’s not ready to give up just yet.
This rebound isn’t happening by chance—SMCI is reclaiming ground within its 2-year Higher Lows Zone, which has been a reliable support since July 2022. The 1-week MA100 (green trend-line) is sitting right at the bottom of this zone, acting as a solid foundation. As long as this level holds, the long-term bullish outlook remains intact.
Here’s where it gets interesting: The 1-week RSI briefly dipped below its own 2-year support, only to snap right back, indicating that momentum is swinging back in SMCI’s favor. With each bullish leg in this 2-year pattern climbing higher than the last, we’re eyeing a potential repeat of the previous +344.40% rally. If history is any guide, SMCI could be on track to hit that $2000 target sooner than you might think. Keep this one on your radar—it’s shaping up to be a thrilling climb.
|
|
|
Here’s how to start a “Weekend Side Hustle” from your sofa |
Launch your side hustle from your sofa! Whether you have a hefty retirement account or just a few thousand, you’re ready. All you need is a brokerage account, internet, and a few minutes to set up trades.
Target Extra Income as Early as This Weekend!
Learn how to target extra income starting this weekend! Tap here to get started now! |
|
|
The Market's Dream Rekindled - Soft Landing in Sight?
|
The stock market's optimism has been reignited this week. After a brief period of panic earlier this month, investors seem to have regained their composure. The driving force behind this renewed confidence? A series of encouraging economic data points that hint at the possibility of a "soft landing" – a scenario where inflation cools without triggering a recession. Key Drivers of Optimism - Inflation on the back foot: The latest Consumer Price Index (CPI) showed inflation easing closer to the Fed's 2% target, raising hopes of potential rate cuts.
-
Consumer resilience: Despite concerns about a slowing economy, retail sales posted a surprising jump, and small business confidence is on the rise. This suggests consumers are still willing to open their wallets.
- Job market strength: Although unemployment ticked up in July, recent jobless claims have been lower than anticipated, indicating a degree of resilience in the labor market.
The Road Ahead
While these developments have painted a rosier picture for the market, some analysts remain cautious. The possibility of a recession hasn't entirely vanished, and the Fed's next move is still uncertain. All eyes will be on Fed Chairman Powell's speech at Jackson Hole next week for further clues on the central bank's policy direction. Bottom Line: The market's dream scenario of a soft landing appears to be back on the table. But as always, the path forward is likely to be filled with twists and turns. Staying abreast of economic developments and maintaining a diversified portfolio remain crucial strategies in this ever-evolving market environment. |
|
|
Wall Street's Winning Streak Continues, But Eyes Are on Jackson Hole |
The bulls held their ground this week, with major indices basking in the glow of positive earnings, cooling inflation, and resilient consumer data. The rally, however, was more subdued compared to earlier in the week, highlighting a cautious optimism as investors await further cues from the Fed. Analyst Upgrades and Earnings Surprises - Applied Materials (AMAT) saw a slight dip despite beating earnings expectations, possibly due to profit-taking after Thursday's surge.
- H&R Block (HRB) jumped over 12% on strong earnings and a dividend raise.
- Fox (FOX) climbed on a double upgrade from Wells Fargo, fueled by optimism about sports streaming opportunities.
-
Nvidia (NVDA) continued its upward trajectory ahead of its August 28 earnings report.
Earnings Season Update: - Q2 earnings season is nearing its end, with 79% of reporting companies beating EPS estimates.
- Despite strong earnings, the S&P 500's forward P/E ratio is elevated, raising the stakes for future earnings growth.
Upcoming Events: - Next week's earnings calendar features key players like Lowe's, Target, Macy's, Toll Brothers, and Palo Alto Networks.
- All eyes are on the Fed's Jackson Hole symposium, where Chairman Powell's speech could provide crucial insights into the future of interest rates.
-
Economic data releases include July existing home sales, new home sales, and S&P Global Manufacturing and Services PMI data.
Technical Outlook: - The S&P 500 has potential support near its 50-day moving average of 5,460.
- The August 5 closing low just under 5,200 could be a key level to watch.
-
While the technical picture is bullish, some analysts caution that a near-term pullback is possible due to overbought conditions.
Overall, the market sentiment remains cautiously optimistic. While the recent rally is encouraging, investors are keeping a close eye on the Fed and upcoming economic data for further confirmation of a soft landing. |
|
|
MARKET MUSINGS & TIME CAPSULE |
Random Musings
Rate Cut Roulette: As we edge closer to the next Fed meeting, the market is playing a guessing game on rate cuts. Will Powell go with 25 or surprise with 50? Either way, it feels like the financial equivalent of picking a horse at the track.
Inflation’s Disappearing Act: With inflation cooling off, it’s almost like the Fed finally found the “off” switch. Now, let’s see if they can keep the balance without tipping the scales too far.
The Consumer Confidence Conundrum: Despite higher prices and borrowing costs, consumers are still spending. It’s as if the average shopper has developed a sudden immunity to sticker shock—until they check their credit card statements.
Small Business, Big Optimism: Small business confidence is rising, showing that even in uncertain times, the entrepreneurial spirit remains undeterred. Could this optimism be the secret sauce for a soft landing?
Recession Predictions: With the New York Fed’s 56% chance of a recession by next July, it’s like the market is prepping for a summer storm—umbrellas at the ready, but hoping for sunshine. On this day in history, August 19 August 19, 1934: The first All-American Soap Box Derby was held in Dayton, Ohio. Much like today’s market, it started with a push and ended with a dash to the finish line, reminding us that momentum is everything.
August 19, 1960: The Soviet Union launched Sputnik 5, carrying two dogs, 40 mice, and two rats into space. It’s a reminder that sometimes you need to take a big leap to see what’s really possible—just like the Fed might with those rate cuts.
August 19, 1964: The Beatles kicked off their first U.S. tour in San Francisco. Just as they took America by storm, today’s market seems poised for its own hit if the Fed plays the right tune.
August 19, 1981: IBM introduced its first personal computer. Fast forward to today, and tech stocks like SMCI are still making headlines, proving that innovation drives the market.
August 19, 2004: Google’s IPO launched, changing the tech world forever. It’s a good reminder that sometimes a single event can shift the entire market landscape, much like Powell’s upcoming speech might do. |
|
|
"The stock market is like a beautiful symphony, full of ups and downs, crescendos and decrescendos. It's up to us, the investors, to listen carefully, anticipate the next movement, and dance to the rhythm of the market." - Alexander Elder
Today's newsletter has been a journey through the market's symphony, highlighting its harmonious notes of cooling inflation and resilient consumer spending, as well as its discordant undertones of potential recession and lingering uncertainty.
As we wrap up this edition, let's remember that the market, like any great symphony, is a complex and ever-evolving masterpiece. By staying attuned to its rhythms and nuances, we can navigate its complexities and achieve financial harmony. Until next time, keep your ears open, your spirits high, and your portfolios balanced! |
|
|
Disclaimer: Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience.
This newsletter provides general information that does not take into account your objectives, financial situation or needs. The content of this newsletter or our website must not be construed as personal advice. COE Media is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation.
The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. You should seek advice from an independent financial advisor.
Any past performance presented is not necessarily indicative of future success.
Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.
Advertising Disclosure: This email contains paid advertisements and we have been paid in some fashion to send this advertisment to our readers.
If you do not wish to receive this email, then we apologize for the inconvenience. You can immediately discontinue receiving this email by clicking on the unsubscribe link and you will no longer receive this email. If you have any questions, please send an email with your questions to [email protected]
We strongly urge you to read our full disclaimer here.
UNSUBSCRIBE This publication is part of the 412 Media Network.
TradersOnTrend.com is copyright (© 2024) of 412 Media Network. All Rights Reserved
United States Post Office. P.O. Box 184 500 Venetia Rd. Pennsylvania 15367-9998 |
|
|
|
