We’re back again

[The beef 675] [I'm an image] “This constant market drama will easily fill the void that Keeping Up With The Kardashians leaves.” - Jeff Hey there carnivores, The markets were up on Wednesday. Today we’re taking a deep dive. Keep raging, Jeff & Jason [Image] [I'm an image] Here we go again After an abysmal start to its week, the Nasdaq is back (the other indices are too, but more on them later). Following a three-day 10% drop, the fastest correction in its history, the Nasdaq [climbed 2.7%](, marking the largest single-day gain since April. How’d it happen? How do you think? Tech had itself a day. Apple, Microsoft, and Amazon all trended positive on the day, but the real show stopper was Tesla. Elon Musk's passion project climbed 10.9%, less than 24 hours after falling 21% on Tuesday… which is great news for all of those employees who [also get stock.]( About those other indices… The S&P had a good day, rising 2%, but just missed record highs. The Dow brought up the rear with a 1.6% gain on the day. Hey, a win’s a win. Late game nerves While all three indices started off hot, investors got skittish after reports surfaced that TikTok owner ByteDance was getting cold feet. According to reports, the Chinese firm and the US government were [assessing]( ways to avoid the sale of TikTok’s US operations, meaning the app could still function in the US, though an internal restructure would likely be necessary. Great, so we don’t have to take our dance moves to LinkedIn? As a result, the companies involved in talks to buy TikTok also floundered heading into EOB, with Microsoft and Walmart erasing initial gains as the closing bell rang. The bottom line... The markets rallied, but it [may not]( be the end of the bloodshed. Investors aggressively bought the dip, but that doesn't mean we're in the clear. First and foremost, September is always a weak month for the markets. To make matters worse? It’s the September before an election year. Investors will likely be skittish about the outcome, especially if that outcome is contested. Three words: mail-in ballots. The arrival of a vaccine and the speed of the economic recovery will also play into market performance. Duh. [Image] Jason Bond Wants To Give You His Top Real Money Trade Idea Each Day [Alternate text]( Including 3 Bonus Election Plays With The First, Dropping Today. [Find Out More]( [I'm an image] ☑️The Holy Grail. Cancer detection company Grail [filed for its IPO]( to list on the Nasdaq Wednesday. The biotech company does not have a product or any revenue, but don’t tell Robinhood traders that. Grail is working on the development of a blood test that could detect early-stage cancer, utilizing what’s called “liquid biopsy” tests. It has raised more than $2B in financing thus far, counting Jeff Bezos and Johnson & Johnson as investors. ☑️Don’t call it a comeback. [A live look at $TSLA yesterday.]( Tesla has had a rough go of it the last few days, like, you know, falling 21% on Tuesday following news that the automaker was denied entry to the S&P 500. But yesterday [it remembered]( who tf it was, gaining 10.92% as the technology sector rebounded from a rough start to the week. And in Tesla news not even remotely related to its stock price, Elon [called Robert]( [Reich]( a “modern-day moron” after the former labor secretary criticized Elon over pay cuts to his staff. Name a better insult, I’ll wait... ☑️Speaking of tech bets… If the technology sector’s rise was an episode of 'Scooby-Doo', Softbank is the unmasked villain (ICYMI the FT outed it as the ‘Nasdaq whale’). Meanwhile, Fred is off shagging Daphne and Velma can’t find her f*cking glasses. Get some contacts. I digress. Softbank stock [fell another 3%]( Wednesday, bringing its total 3-day loss to nearly 10%. This comes on the heels of the Nasdaq entering correction territory on Tuesday, although it did gain back 2.71% during trading. Over $12B of Softbank’s previous $124.4B market value has been erased during this time. ☑️Hold up. AstraZeneca announced that [it was pressing pause]( on testing its potential coronavirus vaccine due to safety concerns. AZ had just begun stage three trials late last month but is being extra cautious after a participant appeared to have a “serious adverse reaction” during testing. Is the reaction NOT having COVID? AZ didn't indicate how long the trial will be shuttered. The good news for the human race? Pfizer and Moderna are still testing their vaccines without interruption. It’s worth mentioning that the US government did provide Astra with $1.2B to develop this vaccine, so it’s safe to assume the participant ruining it for everyone else is about to get Jeffery Epstein-ed. 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