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Labor Market Slows With 142K New Jobs In Aug, Dow Futures Fall 160 Points

Labor Market Slows With 142K New Jobs In Aug, Dow Futures Fall 160 Points

Image Source: PexelsAccording to the latest jobs data released by the US Bureau of Labor Statistics, the U.S. labor market displayed signs of cooling in August, with job growth falling short of expectations while the unemployment rate unexpectedly declined. This mixed picture has left investors and policymakers grappling with the implications for the economy and future Federal […]
About That Price Gap

About That Price Gap

Image Source: UnsplashThe price gap on the SPY (and SPX, obviously) offered little in the way of support. We’ve sliced right through it. This opens up the opportunity for September to be not just good for the bears, but great.I also applaud the behavior of EFA, which is far and away my biggest position. I’ve described this position as “irresponsibly large“, although […]
GBP/USD Price Forecast: Holds Steady As US Data Leaves Fed Rate Cut Uncertainty

GBP/USD Price Forecast: Holds Steady As US Data Leaves Fed Rate Cut Uncertainty

Photo by Colin Watts on Unsplash  GBP/USD remains upward biased but struggles to clear key resistance at 1.3200, with YTD high of 1.3266 looming. A pullback below 1.3150 could see the pair test support at 1.3087, with further downside to 1.3044 and the 50-DMA at 1.2925. Traders’ rate cut expectations fluctuate, with a 43% chance for a 50-bps […]
USD/JPY Price Prediction: Bouncing From Close To August 5 Lows

USD/JPY Price Prediction: Bouncing From Close To August 5 Lows

USD/JPY has fallen close to the August 5 lows and bounced. It is forming a large, bullish Hammer Japanese candlestick pattern on the 4-hour chart – if the current period ends with the pattern intact it could signal the start of a substantial pull-back or correction higher.  USD/JPY 4-hour Chart  The Relative Strength Index (RSI) momentum indicator has exited […]
AI Streaming Scammer Hits A Sour Note: $10M Fraud Unveiled

AI Streaming Scammer Hits A Sour Note: $10M Fraud Unveiled

Michael Smith, a musician from North Carolina, was indicted for a fraud scheme that generated more than $10 million in royalties by using AI-generated songs and bots. Between 2017 and 2024, Smith uploaded hundreds of thousands of AI-produced songs to streaming platforms like Spotify (SPOT), Apple Music (AAPL), and YouTube Music (GOOGL). He used more […]
Ripple co-founder backs Kamala Harris alongside 87 other executives

Ripple co-founder backs Kamala Harris alongside 87 other executives

Key Takeaways Chris Larsen, Ripple co-founder, signed a letter with 87 corporate leaders supporting Kamala Harris’s campaign. Harris’s campaign launched “Crypto for Harris” initiative, seeking support from the crypto community. Share this article Vice President Kamala Harris just got endorsed by a new crypto executive. Chris Larsen, co-founder of Ripple, signed a letter along with […]
Amazon Has An Incomplete Five-Wave Impulse

Amazon Has An Incomplete Five-Wave Impulse

Amazon (AMZN) is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which […]
US Payrolls Fails To Resolve The 25 Or 50bp Rate Cut Call

US Payrolls Fails To Resolve The 25 Or 50bp Rate Cut Call

The US added fewer jobs than expected in August, but there was enough in the report to keep markets guessing on whether the Fed will cut by 25bp or 50bp on 18 September. Lead indicators suggest further weakness lies ahead, and we believe the Fed will go for a 50bp move, but it’s a close call. […]
Is GDP Overstated Like Job Growth?

Is GDP Overstated Like Job Growth?

A week ago, the BLS revised lower the number of employed persons by nearly 900,000. Given that revision and a slew of recent revisions in other economic statistics, we must ask if GDP is also overstated. GDP, like other data, has a history of sharp revisions. For instance, consider the following research from the San Francisco […]
Our Micro/Small Cap AI Stocks Portfolio Went Down 5% In August

Our Micro/Small Cap AI Stocks Portfolio Went Down 5% In August

An IntroductionThe artificial intelligence and related (AI&R) sector is going to play a major role in the future of technology and investing in it should generate fantastic returns over the next decade. That being said, however, most investors focus on the mega/large cap AI&R stocks that trade for hundreds of dollars per share yet there […]