The Economy 📈

Harris announces record-breaking $310 million July fundraising haul

Buckle up Buckaroos, this :libra: is a force to be reckoned with!
Rest assured she is going to rattle a lot of cages

Mr. T better bring his A game, I greatly fear she will beat his ass on the debate stage

Typical Recession PE multiples =
13
14
15

July jobs report: Unemployment rate jumps to 4.3%, job gains total just 114,000 as labor slowdown deepens

Bitcoin dropped below 50k earlier today
:sob:

I don’t think its a time to panic,
fears of recession are different than actually being in a recession.

The softy landing narrative has been challenged with the recent economic data,
more data is needed to tell whether the brown shoots of the economy are temporary, or stubborn.

A good rule of thumb is to start buying when the major averages see a 20% decline, 30%, 40%, etc.

Best to consult your financial advisor/Financial professionals before making these decisions.

Rasmussen surveyed nearly 9,000 American adults and found that in July the percentage of Americans who are unemployed and looking for work — this is the number that the Bureau of Labor Statistics (BLS) should report each month — was 8.4%. The BLS reported a rosy 4.3% unemployment rate last month, up from June’s equally imaginary 4.1%.

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Amen Brother! Something is seriously broken with the Fed, and the data they use for these reports.

Keep in mind its the same data that made them say inflation wasnt a problem, and was transitory, and then it spiraled out of control!

Incopetence?

Doubt it. Soemthing tells me its all part of the plan
:scream:
:pensive:

Stock market news today: Global stock rout deepens as Dow plunges over 1,100 points, S&P 500, Nasdaq sink 3%

Wall Street’s ‘fear gauge’ — the VIX — hits highest level since the pandemic market plunge in 2020

The VIX just did something it hasn’t done since 2008. Here’s why this could be a buying opportunity for stocks.

To some, the spike in the VIX is a bullish contrarian indicator, signaling that stocks look attractive again even if more short-term losses follow

https://www.marketwatch.com/story/the-vix-just-did-something-it-hasnt-done-since-2008-heres-why-this-could-be-a-buying-opportunity-for-stocks-c6c89d6b

Magnificent 7 Stocks lost a combined
665.8 Billion

=666? (approximately?)

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Mad Money - 08/06/24

Its not all brown shoots…

META :slightly_smiling_face:

VIX analysis :ear:

some minds have said S&P500 wants to test
5,000

if that level doesnt hold might get ugly

Mad Money - 08/07/24 | Audio Only

Bitcoin vs Gold
:ear:

Barclays downgrades US retail sector to neutral as promos intensify and demand weakens


Vahid Karaahmetovic

AuthorVahid Karaahmetovic

Stock Markets

Published 08/07/2024, 09:03 AM

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