Shownotes Transcript
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Show Notes
Summary of the day
If I sound exhausted, I was. Looooong day fighting this monsoon in NYC. See photos below.
The markets gapped up and then puked. This was despite the Magnificent 7 trying to hold up the markets once again!
The United Auto Workers union will expand strikes against General Motors and Ford Motor
Government shutdown looms over the weekend
10 Yr yield still high at 4.57%
Crude oil backing off from a high of $93 this week
Monsoon like rains wreaked misery) in NYC (I was one of them impacted). Roads flooded, Flights cancelled.
Breadth
69 new highs
263 new lows
41% advancing 52% declining
79% below 50 day ma
Stuck out
Strong open
Limped into close
Magnificent 7 green for the day except GOOG and META
Strong
yields, oil, & energy still very elevated
Weak
Small caps lead to the downside today
What to watch
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar)
Financial Freedom is not free, but the pursuit is worth the treasure.
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