Jobless Claims inch higher to 237K vs 230K last week. Over 250K is a warning, over 300K is generally a recession.

ADP Private Sector Employment comes in at +54K vs +75K estimate. Slightly weaker jobs data. Estimate for tomorrow's Non Farm Payrolls is +75K.

Gold Surges to All-Time Highs as Market Retreats

Markets getting a bounce as judge says monopolies are OK. System moving more and more to a pay for play model. Historically, empires fall on after taking this route. JOLTS data at 10am. Should be good as 1.2M immigrants have left workforce.

Futures falling as perfect fantasy starts to crumble. $NVDA missed on data center revenue, $MRVL earnings missed badly, $BABA new AI chip, Jobs Data risk, Trump tariffs ruled illegal (uncertainty), Fed decision uncertainty, Modi, Putin, Xi hangout.

POV: you locked in for football season

Hmmmm. The day before a 3 day holiday weekend (major shopping) and the biggest inflation economic data is released. Every data point EXACTLY at expectations. PCE (MoM) 0.2%, PCE (YoY) 2.6%, Core PCE (MoM) 0.3%, Core PCE (YoY) 2.9%, Personal Spending 0.5%.

Caterpillar (CAT) falls on tariff warning, announcing a $1.5 to $1.8 billion hit. Another risk to companies investors are underestimating. Inflation is back, whether the reported numbers lie or not, we will find out. .

One of the many risks the market is ignoring recently is showing itself today with Alibaba (BABA) debuting a new AI chip that can do a broad risk of tasks at cheaper prices. Competition is coming for U.S. semiconductor AI players. Margins will drop.

Jobless Claims came in at a calm 229,000. This number remains in the all clear zone for the labor market. 2nd reading of GDP (Q2) came in at 3.3%, stronger than the 3% expected. Is the Federal Reserve really going to cut into economic growth?.

Nvidia (NVDA) falls on data center sales miss. Overall, not likely enough to derail the stock market rally, but if inflation comes in hot on Friday, things could get very messy.

Trump fires Fed Gov. Lisa Cook, claiming cause. Futures dumping. Question is, how much can the markets shake off. VIX long (VXX) remains my play here for the next month. VIX below 15 is far too low.

Bitcoin’s on fire at $112K! Time to flip the charts on BTCC!.Exploring Cryptocurrency with Jaren Jackson Jr.🏀.

Margin levels are now at their highest ever. In addition, zero-day options volume is the largest compared to overall options volume it has ever been. This continues to show excessive risk taking by investors. Something to monitor.

Bitcoin major reversal of Friday's move could be a signal of de-risking in assets, including stocks. When the Fed starts accepting stagflation as the base case, things generally are not going to get better, but worse.

Let's take a moment after the stock market rally excitement from Friday and absorb what Jerome Powell said. He said despite rising inflation and a slowing economy (which is the definition of STAGFLATION), he feels the need to cut rates. Wild stuff.

Latest #Bitcoin #TechnicalAnalysis video. Find it in comments.

Markets rejoice as Jerome Powell is not as hawkish as feared. Basically saying the weakness in the jobs market may warrant rate cuts. Odds jumped from 70% chance of a rate cut in Sept to 91.5%.

It's almost time for some new faces to take the stage in our upcoming collab with Ensemble Stars!! Music. Which duo are you excited to see?. Collaboration starts September 4~

Jerome Powell speaks at 10am from Jackson Hole. Investors are nervous, expecting a hawkish Powell. Watch September Fed Rate Cut odds, currently sitting at 73% with two rate cuts expected into yr end.

Jobless Claims move higher to 235k vs 224K last week. Nothing to worry about yet, just monitoring. Over 250k per week I go on alert, 300k per week it usually means recession.

9am ET.