$S&P 500(.SPX)$ Better than expected Jobless claims, non farm productivity. We also have NFP, unemployment rate tomorrow. Jobs report is exactly what FEDs is looking at to gauge the economy and rate hikes.

Last month ended on an ugly note where we had a topping wick and reversed back down. As bearish I was on the market, I was hoping Aug closed green. But it started selling off way before I thought it would.

Powell freaked the markets. It was a full on sell mode ever since jackson hole symposium. Instituitions are unloading whatever they had bought on the june - aug rally. Did you catch the hidden message he was sending which freaked instituitions out? Watch the video to find out what message was he truely sending.

So far only retails are the only bulls here. Only retailers calling for bottoms. But September is going to be crucial to determine whether the bulls are right, or were they the dumb money as usual. 

QT has officially doubled this month at 90B/month. More liquidity will be taken out of the system which by the way is already starting to feel the liquidity crunch.

Not to burst your bubble but rate hikes and Quantative tightening effects has not even sunk into the economy yet. We have yet to see earnings compression. All we had was a multiples compression on the 1st half of 2022.

More to come, but first, lets get through this month of volatility.

As always, trade safe & invest wise!

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