Markets Weekly August 31, 2024

#federalreserve #marketsanalysis
Some Cracks In Economy
Bad Seasonality Incoming
Slow Internationalization of RMB

00:00 - Intro
1:20 - Some Cracks In Economy
4:49 - Bad Seasonality Incoming
7:47 - Slow Internationalization of RMB

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[aya_]

Watching the Market with detailed logical explanations from my coach has been an incredible experience. It's rare to find someone who explains their thought process while in the Market. Here, we have a true expert who thoroughly explains everything—from managing trades and identifying key confluences to understanding what to look for when in the Market. They also teach how to manage emotions during trading. It's truly remarkable to watch you along side during this times . Your efforts are outstanding, and I am now addicted to this channel's content. It's hard to find such high-quality lessons anywhere else. Thank you Sir, for your invaluable teachings. ... I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay's, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[chrisp]

Thank you very much for your weekly dedication to us. Your videos are consistently excellent and very much appreciated. 🙏🏻

[AllNighterHeider]

Good luck finding any nutritious food at Dollar General. The stores I have seen sell only hunger cures that do virtually nothing good for a human body. Health is the real cost for shopping at such a nutritionally devoid place.

Thanks JW

[yashpalw]

Chinese Remnimbi is tightly controlled and very opaque, it is majorly used by OBOR countries who are in deep s*it like Pakistan, Kenya, Sri Lanka etc, they are forced to use RNB as they got huge loans from China but they are failing economies and not able to pay back even the interest.

[theviraldust]

waiting for this weeks's market weekly

[sfm]

China has no open capital account and there is no such thing as private property.

[The_Bond_Guy]

A lot of doom and gloom out there. The few negative prints seem to get all of the headlines, while the upward revisions seem to get overlooked. Thanks for sharing your expertise in a thorough and concise manner, Joseph. It's greatly appreciated.

[GenXstacker]

Interesting that Dollar General tanked 30%, because 30% is exactly how much 2.6% exceeds the Fed's 2% inflation target. I think we are setting up for a repeat on the 70s as the Fed is about to declare mission accomplished and I expect inflation may have already bottomed.

[Sciscaaa]

You still keep shilling that soft landing nonsense, despite reality showing more and more that you were wrong all the time

[rohitkothari]

Real GDP = Nominal GDP - inflation. If you use real inflation numbers, u get negative GDP. We r already in a recession.
Who u gonna believe?
Govt numbers or yr lying eyes??

[Red]

@Joseph. I am attempting to control my assumptions and ask for your reply. We assume Powell will reduce rates after NFP next Friday. That seems a way to put the US further into debt. And, it appears Japan, Britain, and Germany are in recession. These potential customers will have less interest in buying due to their respective economies. If there is less buying then who is going to buy our traditional exports in the coming months? As inventories will likely increase then labor will likely have increased layoffs further hurting commodities we tend to sell to overseas customers. I do not know what relative proportion our commodities each provides. For example, are our ag products bigger than energy? I trade both soybeans and crude light. Finally, we enter the month of September and seasonality indicates we may have a stock market drop soon, especially if the September debate does not exceed expectation and again if Trump gets jailed in later September. So I am strongly consider changing my very bullish SPY portfolio and futures in Gold, to all cash early next week. Am I delusional? Any commentary is really needed here! Thanks Joseph, Robert P.

[The_Laid_Off_Life]

Great analysis. I've moved to 80/20 HYSA/dividend paying

big pull back = buy more div paying stocks?

The PE of these range from 8 to I just wonder how this market prices compared to Japan circa 1990's all time

As we go into Japan mode fully monetizing the

Anyway, it's worth a look or price the market in terms of inflation. It's probably flat when looked at this way

[baarbacoa]

I think you're not factoring in the effect of Temu on the dollar stores. Temu has been growing like crazy in the US. It sells similar cheap stuff as dollar stores.

[dannyzusa]

You have pension funds settling losses as well as corporate buybacks ending 13.

[emileriksen]

Josh it would be helpful if you can link the different data tables you use in the description of the video.

[RipoffRadar]

Everything available is inside the market 🚀🚀🚀🚀

[Lights_Darks]

Thanks, Joseph. Very interesting info about the RMB.

[AllNighterHeider]

I went to 3 ATMs yesterday to pull cash, just $40. None of them would spit any cash, I had to go to a Navy Fed branch and talk to a teller. She was confused and said my accounts (2) told the ATMs that they were innactive, yet she could see they were active and had sufficient funds. Capital controls are very real

[goldenturdZeniru]

With just a 0.25 cut and a market at 24 PE, waiting for a 15-20% correction until the end of the year. Dunno if we will have sp5800-6000 until the end of the year. Some utilities, Reits and telecoms on a global basis looking good here.

[yzhere]

I really don't get why you say we are near all times high. So many stocks are Sharply DOWN from mid July levels. Do you need me to run them by you? NVDA, MU, AMZN, GOOGL, AMD, MSFT... should I continue? am I the only one seeing this? I suspect a lot of PPL's portfolio are DOWN if they were in the market during July. That was just six weeks ago. We have no choice but to sit on this volatility and wait for EOY where these levels hopefully regained. We are nowhere close.