...Will tonight's NFP raise recession concerns further? Will it be sufficient to make the Fed move?
Today is rally day 8 in a row if bulls can hold onto this gain. Tied for the longest record in over 20 years. Day nine would be tomorrow's jobs report which could surprise to the downside given the weak ADP private jobs number yesterday. If the market gets shocked tomorrow, then the post jobs volatility window opens wide next week. https://x.com/SuburbanDrone/status/1917989071059865783
Netflix, Google, Meta and Microsoft all have had Tech moonshots post earnings. Tonight comes Amazon and Apple to complete Tech earnings for now (Nvidia comes later). Which is why breadth is no longer confirming this rally (bottom pane). There are only two more stocks the algos can use to keep this going. https://x.com/SuburbanDrone/status/1917990875767967877
....another threat from Trump that does little to create the non-threat environment that China set as precondition for negotiations.
BREAKING: Trump appears to have just cut off ALL Trade and business with China. Trump says any country that buys oil from Iran will not be allowed to do business with U.S. China imports approximately 90% of Iran's oil exports.
BREAKING: Oil prices surge toward $60/barrel as President Trump threatens sanctions on any country that buys oil from Iran. Trump says any country buying oil from Iran “will not be allowed to do business with the U.S.” https://x.com/KobeissiLetter/status/1918009058277142786
