Your Weekly Rollercoaster Recap

(must watch videos)                                                                                                                                                                                                                                                                                                                                                                                                                 August 31, 2024 | [Read Online]( [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20TheoTrade%20%28FOMO%29&body=Your%20Weekly%20Rollercoaster%20Recap%3A%20%28must%20watch%20videos%29%0A%0Ahttps%3A%2F%2Ftheotrade.beehiiv.com%2Fp%2Fweekly-rollercoaster-recap) Don Kaufman here. It was another wild week in the markets. Some of the highlights included” - SMCI accused of an accounting scandal from a short report - Nvidia knocking earnings out of the park and the stock selling off - Warren Buffett selling more stocks while his company reaches $1 trillion in market cap - Goldman Sachs will cut 3-4% of its workforce - Intel is thinking about splitting up its company - The PCE report confirmed inflation is trending lower - The VIX fell below 15 - 77% of SPX stocks now trade above their respective 50-day moving averages, but just 49% of Nasdaq stocks and 64% of Russell 2000 (RUT) stocks. Throughout the trading week we bring you expert analysis. Here’s a recap of some of our latest videos: Jeff Bierman’s AI Deep Dive • Kicked off a 4-day series on the rise of artificial intelligence • Traced AI's origins back centuries, not just recent years • Highlighted key milestones like Alan Turing's contributions • Discussed how AI is already replacing humans in many jobs • Warned about potential downsides and ethical concerns of AI [Click here to watch Jeff’s Video]( Gianni Di Poce’s Crystal Ball: Market Highs, Tech Wobbles, and a Ticking Consumer Debt Bomb • Dow's hitting fresh highs like a champ, but tech stocks are wobbling like a drunk uncle at a wedding • Consumer debt is skyrocketing faster than a SpaceX rocket - buckle up, folks! • Home Depot’s charts is flashing warning signs brighter than a Vegas casino • Utilities are looking sexier than ever as a defensive play - who knew boring could be so beautiful? • The market's giving us a real Jekyll and Hyde show - bullish action with a side of bearish jitters [Click here to watch his quick breakdown from earlier this week]( Blake Young Looks At Consumer Spending and Energy • GDP rose to 3%, but pending home sales dropped sharply • Consumer debt at record highs, mostly on staples not discretionary items • Home Depot, Lowe's, and Amazon charts signaling consumer fatigue • Energy prices remain low, benefiting utilities • Highlighted specific utility stock trade ideas [YouTube video by TheoTrade, LLC]( Here Are a Couple of Helpful Comparisons for “Getting” This Market Yesterday, I finished my end-of-week market wrap, in it, I highlighted: • We're in the "suck before the storm" - low liquidity but high impact moves • September historically most volatile month, more turbulence likely ahead • Financials leading markets higher, but tech needs to break out for new highs • Taking measured bullish trades in names like Microsoft and Nvidia • Expect choppy trading and "echoes of volatility" to continue [If you haven’t seen it, you can watch it here.]( 🚀 LIFETIME ACCESS TO IN/OUT ADVANTAGE FREE $2000 TICKET INCLUDED! Join us at the exclusive TheoTRADE luxury event in Scottsdale, Sept 12th-14th. Your choice: attend in person or virtually! 🔥 19 out of 22 trades cashed in! Don't miss out! Join now for: - 520 trade alerts over 10 years - On-demand masterclass - Weekly video updates - Beginner's guide - Real-time trade tracker - Auto Expected Move tool 🏆 Recent wins: - SLV: 30% in 5 days - TLT: 55% in 7 days - META: 30% in 0 days 🔒 90-day money-back guarantee ⏰ Only 100 spots available! [Claim Your Lifetime Access Now!]( To your success, Don Kaufman [fb]( [tw]( [ig]( Update your email preferences or unsubscribe [here]( © 2024 TheoTrade (FOMO) PO Box 24790 Christiansted, Virgin Islands 00824, United States of America [Terms of Service](