Navigating Uncertainty in an Overwhelming Week: Weekly Market Update 07.28.2024

Welcome to GhosTrades' Weekly Market Update, the podcast where we navigate the highs and lows of trading the markets with a focus on stocks, forex, and more. Hosted by GhosTrades, this episode dives into the turbulent financial landscape we are currently facing.

Listen now to get our in-depth insights on this weeks past market and what you could look forward to going into the next week.

We're coming off an ugly week where the QQQ dropped 22 points, potentially breaking a 10-year winning streak. The S&P 500 also took a hit, dropping over 120 points despite an exciting start. Several factors are at play, including the ongoing USA presidential race, the surge of interest in AI, and the anticipation of rate cuts. For many, the cost of living remains a top concern.

As we approach a busy week, the markets are poised for significant activity. The sentiment is mixed, with some predicting a market plummet as we enter the three historically worst months. However, betting against the world's biggest companies can be risky, especially with major earnings announcements from giants like McDonald's, Boeing, Starbucks, Meta, Crocs, Amazon, and many more on the horizon.

This episode will also cover key economic indicators to watch, including JOLTS job openings, Fed interest rate decisions, ADP job figures, unemployment claims, and job number announcements. With such a packed schedule, opportunities abound if you play your cards right.

For those in our community, don't miss out on GhosTrades Huddle and Shadow for deeper insights and strategies.

Stay ahead of the game by following the GhosTrades podcast so you can equip yourself with the knowledge to make informed trading decisions.