What To Expect in the Stock Market This Week (August 30-September 3)
... The Party CONTINUES. BTW this is a longer read so open this newsletter in a browser for the FULL experience
The Prodigal Son RETURNS!!
Yup that’s it. That is all I have to say about Man United for the rest of the SEASON!
Papa Powell came out on Friday after the Jackson Hole symposium and basically said:
By saying the Federal Reserve will taper at some point in the future but hedged that by saying as Axios’ Courtney Brown puts it “the Fed won't rush to the off-ramp.“ Basically telling the investors:
Investors fully obliged and pushed markets to another All Time High on Friday:
Earnings Season is basically over. Meaning I can sleep AGAIN!!
It also means, Companies go back into silent mode. So no more insights into much of anything happening in the economy. All we will get for a while is economic date like boring Case-Shiller Home Price Index or the ISM Manufacturing report. Notice I am not even trying to explain any of these things because I find them SO UNBELIEVABLY BORING! The Manufacturing report might be interesting to see if the supply chain is getting better or worse. But I can pretty much tell you that based on Delta cases not just in the US but all over the place. The Supply Chain is def getting worse. I mean when McDonalds is running out of milkshake for an entire country, you know its bad!
Or When we about to run out of COFFEE due to delta variant spreading in Vietnam which is the world’s second largest producer of coffee beans (WHO KNEW THIS?!)
SO if you coworker or anyone around you is cranky for the next few weeks, they just may be missing their coffee is all.
We will also get the nonfarm payroll to see what the economic recovery is looking like. Economist who have been wrong for the entire duration of the last two years, are predicting 600,000 jobs to be added. This will be the main driver for the Fed to make a decision on tapering earlier this year or later this year.
Next week will be Labor Day. Go celebrate with family and friends or just chill whichever you prefer. However because of this, it is unlikely you get a newsletter from me because I will be too lazy to even think about anything other than food, YouTube, and Sports.
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Remember GENEROSITY > greed
God bless Each and Everyone of y’all
✌🏾
-Kelechi