IMPORTANT DISCLAIMER: I am NOT a registered investment adviser, broker dealer, or member of any other association for research providers in any jurisdiction whatsoever & I am NOT qualified to give financial advice. Investing/Trading in securities, particularly microcap securities, is highly speculative & carries an extremely high degree of risk. The information, analysis, & opinions listed above are my own & may not properly reflect the underlying conditions of a company or security. You should do your own Due Diligence. Past performance does not guarantee future results. If you trade based on anything I have written YOU ACCEPT FULL RESPONSIBILITY AND LIABILITY for your own trades & actions & hold the author of this publication harmless. If that isn’t clear enough DO NOT TRADE, ACT, OR INVEST, BASED UPON ANYTHING I WRITE OR RECOMMEND. There, we should be solid now.

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

PAID SUBSCRIBERS: I am considering some major changes but I haven’t got them lined up just yet. That short play? I covered & flipped it into an Iron Condor (Expiring Next Month) to salvage the loss. It is working out well for now.

The changes I’m considering is making the whole newsletter paid & significantly lowering the price of a subscription. But before I do that I need to consult with substack because there are some provisions I would like to make for long term subscribers, & I want to ensure I get it right.

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CONSENSUS INFLATION EXPECTATIONS ARE LOWER: I checked the consensus inflation data this morning. The YoY inflation cut this Wednesday is expected to come in at 8.7%, likely as a result of decreasing gas prices. YoY core inflation is expected to rise to 6.1%. Month over Month numbers are expected to rise with inflation increasing 0.2% & Core inflation 0.5%. If we get a hot inflation read the Fed will reconsider their approach to rate hikes, driving uncertainty in the markets.

(TODAY) NON-FARM PRODUCTIVITY & UNIT LABOR COSTS: Nonfarm Productivity QoQ Prel Q2 will be reported today with Unit Labor Costs QoQ Prel Q2. Analyst consensus on non-farm productivity is -4.7%. Unit labor costs are assessed to increase to 9.5%. Both will be reported at 08:30 ET today. Note that the non-farm productivity will have implications on GDP. Indeed the only reason GDP wasn’t lower last quarter was it was propped up by the service industry. And note the unit labor costs will have an effect on consumer demand, & therefore also non-farm productivity.

WORLD MARKETS:

• S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

• U.S. Treasury yields tick up as investors look ahead to key inflation data

• European markets retreat slightly as focus turns to U.S. inflation, Fed outlook

• Japan’s Nikkei leads losses in mixed Asia markets; SoftBank shares drop 7% after earnings losses

RECOMMENDED:

• Slowing demand in the U.S., Europe and China could hurt Asian exporters, HSBC says

• Food prices fell sharply in July — but the respite may not last

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