Monday Market Open

Hello Boys,

Wow, what a couple of weeks. What the hell. Cyber-outages, assassination attempts, presidents bailing. Absolutely nuts.
People like to harp on about plenty of fancy methods and tricks to beat the market and it’s all well and good, but really there is no other principle like good old fashioned research and keeping your ear to the ground. If you smell bullshit and get the feel that your info is pointing you in a direction. Fucking follow it. You never know how the market will go. Play the game, but on your terms and keep gathering knowledge, you never know what could be the piece that leads you to success.

Without further ado, lets get into it !

Market Indices & Commodities

News
The Recap

In case you missed it, forgot, overslept, drank too much, were traveling, or whatever the case may be…

• Biden drops out of 2024 presidential election 🤯

• CrowdStrike causes the largest global IT outage 👨‍💻

• S&P and NASDAQ having it’s worst week since April 📉

• The Russel 2000 up 2% this week and 7% over last 7 trading days 📈

• Chip stocks down after comments from Biden administration and Trump, of restrictions on exports of advanced technology to China 📉

Graph of the Day
American borrowers on shaky ground ?

News
This week

Another big week of earnings, news, economic data, events, the whole 9 yards. Get the scoop on what is important to know for this week.🎯

• Monday - Verizon Communications (VZ), Truist Financial Corp. (TFC), Cadence Design Systems Inc. (CDNS), NXPI Semiconductors NV (NXPI), Nucor Corp. (NUE) earnings ⚡

• Tuesday - Existing Home Sales, Coca-Cola Co. (KO), Danaher Corp. (DHR), GE Aerospace (GE), Philip Morris International (PM), United Parcel Service Inc. (UPS), Lockheed Martin Corp. (LMT), Alphabet Inc. (GOOGL), Tesla (TSLA), Visa Inc. (V), Texas Instruments (TXN) Earnings ⚡

• Wednesday - 🇨🇦 The Bank of Canada will announce its interest rate decision and is expected to keep rates at 4.75%, Thermo-Fisher Scientific Inc. (TMO), Nextra Energy Inc. (NEE), AT&T Inc. (T), International Business Machines Corp. (IBM), ServiceNow Inc. (NOW), KLA Corp. (KLAC), Waste Management Inc. (WM) Earnings ⚡, EIA Crude Oil Inventories, MBA Mortgage Applications Index, New Home Sales

• Thursday - 🇺🇸 US GDP estimates for the second quarter will be released. This is the first estimate and is forecast to be 2.5%, up from 1.4% in the first quarter. US Durable Goods Orders are forecast to have been 2.1% higher in June, compared to a 0.1% increase in May.AbbVie Inc. (ABBV), AstraZeneca PLC (AZN), Union Pacific Corp. (UNP), Honeywell International Inc. (HON), RTX Corp. (RTX), Valero Energy Corp. (VLO), Digital Realty Trust Inc. (DLR), L3 Harris Technologies Inc. (LHX), Decker's Outdoor Corp. (DECK), earnings ⚡

• Friday - 🇺🇸 US Core PCE Price and personal spending data will be published. The price index is forecast to be 2.6% higher over the last 12 months and 0.2% higher month-on-month. Bristol-Myers Squibb (BMY), Colgate-Palmolive Co. (CL), AON PLC (AON), 3M Co. (MMM), Charter Communications Inc. (CHTR), earnings ⚡

⭐ It’s a big week for earnings season as three of the magnificent 7 report second-quarter earnings, with another three reporting next week. US gross domestic product (GDP) data for quarter 2 (Q2), plus flash purchasing managers index (PMIs) from around the globe, are the economic events to watch this week.

Now You Know 
Markets are betting there's a 100% chance the Fed cuts rates in September

OK, an interesting one here.

As of Tuesday morning, markets were pricing in a 100% chance of an interest rate cut in September, per the CME FedWatch Tool, up from a 70% chance a month ago. The increased confidence comes after a better-than-expected June inflation reading combined with signs of further cooling in the labor market. This cut would be a big success for investors as the higher for longer policy has been in place for a number of months keeping rates high

What does this mean for the everyday schmuck like me and you ? Well the possibility of cuts in September has encouraged investors and institutions to start rotating out of large-cap and mega-cap companies, and rotating into small-cap stocks. This could be huge ! With mega institutions and investors flocking to the penny stocks we could see huge upsides.

Caille Cox said this to Yahoo Finance when discussing the The small-cap Russell 2000 (RUT) index being up and the potential of rate cuts in September.

So, if I could give you some advise for this week. It would be to look in to where you use this rates cuts to your favor. Whether it is buying up more of the small capers or seeing what previous sectors have benefited from the rate cuts. Everything and anything is up for grabs and hopefully by September you can be kicking back with your profits.

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That’s all Folks

Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.

Cheers,