WARNING: STRATEGY IS ABOUT TO REPORT A $17 BILLION LOSS...
These notes were generated by AI and may contain inaccuracies.
Fear and panic are being driven into the market. JOLTS job openings came in lower than expected, which is not bullish for the market. Initial unemployment claims came in higher than expected for the first time. Continuing claims came in lower than forecasted but higher than the previous. The labor market remains a concern.
Amazon is reporting earnings today as one of the Magnificent 7 stocks. Earnings per share expectation: $1.96. Revenue expected: $21 billion. Concern over recent layoffs and potential lower guidance for 2026. Many Magnificent 7 companies are destroying or exceeding guidance, but Amazon is different. Amazon prints a lot of money but is trimming its workforce significantly. Are they expecting consumer spending to drop? Amazon is down 3.6% today, showing bearish movement, rejected by the moving average. Trading at $224, previous highs around $250. NASDAQ hit lows of 594 to 600.
Crypto hit lows of $66,700. BTC currently at $67,900, showing lower lows and lower highs. Pullback happening around the Super Bowl. Weeble app now allows predictions on the big game (Seattle vs. New England). To place predictions: click markets tab, then big game, select pro football championship. Weeble offers $5 trading voucher for sign-ups (first link in description).
Sign in to read the full notes
Get access to AI-generated notes, topic timestamps, and more.