Weekend Market Review | Markets on the Brink | August 2, 2024

Let’s talk about the entrance of the 50-day testing period and what is moving the markets right now on the Weekend Market Review.

Right now we see economic weakness but it isn’t that bad yet, we just got earnings season and earnings for the most were alright.

The respective Iranian response is going to happen this weekend as well. We also have a Japanese unwind right now where some traders were caught off sides in Japan.

We expect two out of three of these things to be mitigated around Monday. The market retaining its 50- day and not giving us that full signal is normal after all.