Has the Market Been Fed a Lie?

[] what caused today’s market softness？ [] [] [] [] S&P futures opened up slightly today, about 0.3%, but quickly reversed course, steadily moving lower throughout the day. As I write this near the market close, S&P futures are hovering around 5592. If you’ve been following the key levels I’ve given you over the past few days, that’s roughly the 0.786 Fibonacci level. So after 2½ weeks of a mostly steady recovery, why is the market experiencing some softness now? Some might chalk this up to traders waiting on the sidelines ahead of Powell's speech tomorrow at the Jackson Hole meeting. But is that the only reason for the market’s softness today? Let’s not forget the revised jobs numbers that came out yesterday. The BLS just revised the past year of jobs numbers down by over 800,000. That’s almost half of what they initially reported. To put it simply, the Bureau of Labor Statistics lied to us for a year. They’ve been cooking the books, making the job market look red-hot, when it turns out it was far softer. Now, with that kind of revelation, it's no wonder the market might be feeling a bit uneasy today. If they’ve been off by that much on the jobs numbers, what else might they be fudging? It’s enough to make any investor a little nervous. And, of course, tomorrow we’ve got Powell stepping up to the mic at 10am Eastern in Jackson Hole. Everyone’s waiting to see if he’ll put his foot in his mouth again. Will he give any hints as to what the Fed will do with interest rates at next month’s FOMC meeting? Markets are hoping a cut is on the way. This, despite the fact that I told you yesterday [why you shouldn’t be wishing for a rate cut.]( Either way, markets are on edge. So, is today’s softness because of the jobs numbers revision or just everyone holding their breath for Powell's speech? Maybe it’s a bit of both… plus some other other things I haven’t even mentioned here. One thing’s for sure — the market doesn’t like uncertainty, and right now, we’ve got it in spades And that’s why you shouldn’t want a rate cut. Even if the market is on the edge of it’s seat waiting for one. — Geof Smith P.S. Markets like this call for hedging. And in my opinion, [this is the perfect hedge to use right now.]( [] [] S&P futures opened up slightly today, about 0.3%, but quickly reversed course, steadily moving lower throughout the day. As I write this near the market close, S&P futures are hovering around 5592. If you’ve been following the key levels I’ve given you over the past few days, that’s roughly the 0.786 Fibonacci level. So after 2½ weeks of a mostly steady recovery, why is the market experiencing some softness now? Some might chalk this up to traders waiting on the sidelines ahead of Powell's speech tomorrow at the Jackson Hole meeting. But is that the only reason for the market’s softness today? Let’s not forget the revised jobs numbers that came out yesterday. The BLS just revised the past year of jobs numbers down by over 800,000. That’s almost half of what they initially reported. To put it simply, the Bureau of Labor Statistics lied to us for a year. They’ve been cooking the books, making the job market look red-hot, when it turns out it was far softer. Now, with that kind of revelation, it's no wonder the market might be feeling a bit uneasy today. If they’ve been off by that much on the jobs numbers, what else might they be fudging? It’s enough to make any investor a little nervous. And, of course, tomorrow we’ve got Powell stepping up to the mic at 10am Eastern in Jackson Hole. Everyone’s waiting to see if he’ll put his foot in his mouth again. Will he give any hints as to what the Fed will do with interest rates at next month’s FOMC meeting? Markets are hoping a cut is on the way. This, despite the fact that I told you yesterday [why you shouldn’t be wishing for a rate cut.]( Either way, markets are on edge. So, is today’s softness because of the jobs numbers revision or just everyone holding their breath for Powell's speech? Maybe it’s a bit of both… plus some other other things I haven’t even mentioned here. One thing’s for sure — the market doesn’t like uncertainty, and right now, we’ve got it in spades And that’s why you shouldn’t want a rate cut. Even if the market is on the edge of it’s seat waiting for one. — Geof Smith P.S. Markets like this call for hedging. And in my opinion, [this is the perfect hedge to use right now.]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](