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Show Notes

Summary of the day

Volume was comparable leading up to the July 4th holiday weekend = dismal

Breadth

* 204 new highs

* 123 new lows

* 40% advancing 54% declining

* 56% below 50 day ma

Stuck out

Mortgage bailouts for financial institutions AGAIN, being discussed already!!!

“US Officials Weigh Pathway to Let More Firms Tap Federal Home Loan Banks FHFA considers access for nonbank mortgage firms during review Nonbank mortgage firms currently lack lender of last resort “ https://www.bloomberg.com/news/articles/2023-08-30/us-officials- weigh-pathway-to-let-more-firms-tap-fhlb-backstop

Strong

$EXTR

$SHOP

$AFRM

Weak

$PLTR

$COIN

$DG Dollar General said inventory piling up

Dollar General reported slowing sales in the recently ended quarter and said its inventory of unsold goods is piling up. The Goodlettsville, Tenn., company said it plans to burn through profit in the second half of the year to reduce inventory and improve performance at its stores. Like other retailers, Dollar General also said it expects store theft to keep rising.

Yields

Volatility

What to watch

Watch mag 7

Fri Non-farm payrolls and unemployment

Watch yields

Crypto (are animal spirits alive?)

Economic data

https://www.marketwatch.com/economy-politics/calendar

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Podcast 41 "Enjoy your Labor Day Weekend" (Aug 31) 10:06 Share

Not Your Advisor

Shownotes Transcript

Podcast 41 "Enjoy your Labor Day Weekend" (Aug 31)