Hey Friends,
So in this volatile environment, my trading game face gets put on in a different light.
I hope these names and insights scratch an itch in you as well, always do your own due diligence.
Today October 3rd, the stock market is really starting to digest the higher rates, rising oil and a return of the Stagflation bear case.
Job openings totaled 9.61 million for the month (of August, 2023), a jump of nearly 700,000 from July and well above the Dow Jones estimate for 8.8 million, the Labor Department said Tuesday in its monthly Job Openings and Labor Turnover Survey. This suggests that Stagflation as a norm returns as a major headwind combined with many other poor economic flashing indicators.
Rising oil and red-hot job numbers means rates will stay higher for longer, in a nutshell. Some are predicting much higher rates than we currently have today, which are the highest since 2007 or whatever.
It’s not pretty, but as a trader, these are weeks you live for.
The majority of your profits are made in 2-10% of the weeks where volatility is higher. We may be entering in October 2023 such a period.
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