The S&P 500 closed at 5186.33 on Monday, August 5. Thus, the S&P 500 would have to drop over 317 points after NFP to exceed the recent "growth scare" low. #ReferencePoint $SPX $SPY

Pre-Labor Report: 59% probability of 25 basis point cut 41% probability of a 50 basis point cut

It is not likely that NFP impacts the possibility of no rate cut this month; it is about 25 or 50 basis points: "Federal Reserve officials have signaled in recent weeks that a rate reduction is all but certain at their meeting in mid-September. Officials are satisfied that

NFP 142K shows a weakening labor market; something the market has known for several weeks/months.

$SPX down roughly 80 points.

100% Friday Charts in this weekend's video.

Is It Time To Dump Stocks? Details, Studies, & Charts: ccmmarketmodel.com/short-takes/du… $SPX $SPY $VOO $XLK $QQQ $IWM $RSP

CPI to be released Wednesday at 8:30 am ET.

Credit spreads - click image to enlarge.

This is a fake account; beware of direct messages. It would be helpful if you can report Chris Ciovacco to X/Twitter.

CPI expectations

Post-CPI: 83% probability of "small/slow" 25 bp cut Pre-CPI: 66% probability of "small/slow" 25 bp cut

S&P 500 had a positive outside reversal during today's session. $SPX $SPY $VOO

Tech and #AI: Oracle is going nuclear on AI. Literally. Ellison said Oracle is currently building an 800-megawatt data center that would have “acres of Nvidia NVDA GPU clusters” used to train one of the world’s largest AI models. @BarronsOnline

New Highs - New Lows with an improving look. #breadth

"Layoffs have been low. Claims for jobless benefits last week stood at roughly the same low level of one year ago, the Labor Department said Thursday." The Wall Street Journal

Just saw an article about how "hard" it is to achieve the American Dream, which begs the question have home ownership rates declined significantly? No, the average U.S. homeownership rate over the past 50 years (from 1973 to 2023) is approximately 65%. In 2023, it was 65.5%.

This week's video will cover (on multiple timeframes): Utilities $XLU Small Caps $IWM Mid Caps $MDY Tech $XLK $VGT Eq-Weight S&P 500 $RSP NASDAQ 100 $QQQ S&P 500 $SPX $SPY $VOO Dow Industrials $DIA Growth Stocks $VUG $SPYG $SCHG Value Stocks $VTV $SPYV $IEV $SCHV Dividend Stocks