First Commonwealth Bank’s Post

"The market is a device for transferring money from the impatient to the patient." -Jesse Livermore In 1929 wallstreet crash (Deadliest market crash till date), Jesse Livermore made millions by short selling. He known as the "Boy Plunger," was a legendary trader. His story inspires many in the stock market today. He made and lost millions multiple times throughout his life. Learn from Livermore’s ups and downs. Embrace the excitement of trading, but always stay disciplined. This is an important lesson for traders in the Indian stock market. Patience is key. Every setback can lead to greater success. Remember, your moment to shine is waiting. Don’t miss it! PS: Follow me for more content like this. #TradingTips #InvestmentStrategies #FinancialLiteracy #MarketMindset

This history May be important to you in the next few weeks. the history of bubbles. They happen and there's a radical shift of wealth that occurs all based on timing and not necessarily thinking. Accidents happen. do the history in October in 1987.. the year after I graduated. also known as Black Monday. The transfer of wealth is sometimes financially engineered.. great losses to other people as we saw in The Big Short. if you're trading ing on margin accounts right now you should probably reconsider that action and get some deep advice as you rethink your bets because these are hardcore bets. don't bother reading anti-fragile right now because that's too late, go back to the second edition of Fooled by randomness and then go over to Anti-fragile. and you know it won't hurt you to read Liars Poker either back when Lewis was just graduating from the street. Artificial intelligence has of course changed the speed of things and there's a "paradox of pace going on". cc Louis Silfin thanks for the reminder to go back to Liars Poker. Dr Wendy Elford I'm moving fast and moving slow at the same time 🤔😁🐢🐇💨🏁 https://lnkd.in/gGSDq2hp #wisdomofcrowds #drypowder #history #future

A useful analogy on the difficulty in forecasting economic trends https://lnkd.in/gHfMqzqE

Why billionaires Wake up 4am ? Here are 10 reasons why i think billionaires might wake up at 4 AM: list in the comment.

Weekly Market Wrap: August swings: From a fierce start to a tame finish

In the spirit of Thanksgiving, CIO Larry Adam shares a list of the top ten economic and market-related wins of 2024 for us all to be thankful for in his latest Weekly Headings. #WilmarthPrivateWealthManagement #RaymondJamesMelbourne #FinancialAdvisorMelbourneFlorida

https://lnkd.in/dYGriwg4 ECONOMIC FACTS VS TRUMPS DELUSIONAL BS If you have a 401k or are invested in the US stock market you can't argue over whose numbers have brought you more wealth. The fact of the matter is that, hands down, it's the Biden/Harris economic plan that is driving these gains. Under Trump, only a select few will benefit.

📈 U.S. Market Update: U.S. equities hit record highs, with the Dow surpassing $40,000 for the first time, amid cooling economic data that spurred hopes for rate cuts. The S&P 500, Nasdaq, and Russell 2000 saw gains up to 2%, boosted by a 3% tech surge. Lower-than-expected inflation and steady consumer prices hint at a potential Federal Reserve rate cut in September, despite mixed signals from flat retail sales and stagnant industrial production. 🌍 Global Economic Tidbits: Japan’s GDP contraction complicates rate hike plans, while China’s factory output exceeds forecasts amidst a real estate slowdown. Europe shows signs of recovery with a slight GDP increase, despite ECB’s caution over geopolitical risks. 🔍 Looking Ahead: This week, FOMC minutes and global PMI data are in focus, with potential implications for future rate decisions. Tariff hikes on Chinese imports aim to protect U.S. interests without price hikes, as per Treasury Secretary Yellen. 💡 Quick Takes: U.S. Treasury yields dip as April CPI shows modest gains. Housing market shows mixed signals; high mortgage rates dampen builder sentiment. Overseas, Japan faces economic shrinkage, China’s retail sales slow, but Europe’s GDP rises. Upcoming economic data and Fed insights could shape rate cut expectations. Stay tuned for more updates and insights! https://lnkd.in/ezdRrzHw

Weekly Market Recap and Upcoming Events Good morning! As we wrap up the week, let's take a quick look at the recent news and prepare for the upcoming week. We are closing out our positions in gold and the S&P 500, while currently holding no positions in USD/JPY. Our focus now shifts to preparing for next week's key events. Monday: We kick off the week with the Manufacturing Index and a speech from Chair Powell. Monday is expected to be relatively calm, likely leading to consolidation in our open positions. Tuesday: The day brings Core Retail Sales, Exports, Imports, Business Inventories, Fed GDP, and API Crude Oil data. While significant movement is not anticipated, the Fed GDP and trade data will provide insights into economic progress and inflation trends. Wednesday: Key data releases include 30-year mortgage rates, industrial production, and housing statistics. We'll assess the performance of the housing market and mortgage trends. Additionally, Fed Waller's speech could introduce some volatility. Thursday: We have Continuing Jobless Claims, Initial Jobless Claims, and Fed Manufacturing data on the docket. Jobless claims may see a slight uptick. We expect GDP to remain stable, inventories to decrease, and core retail sales to show a modest increase. These factors could support potential rate cuts around September. Friday: FOMC's Williams will speak, offering valuable insights into future monetary policies. This makes Friday a prime day for trading, as we gain a clearer understanding of upcoming economic directions. Recent News: - Microsoft has relinquished its observer seat on the OpenAI board. Apple, facing increased regulatory scrutiny over AI investments, will not take a similar position. This could impact their stock performance. - US Inflation dropped faster than expected to 3% in June, prompting investors to bet on interest-rate cuts and weakening the dollar. We anticipate rate cuts in September due to the economic slowdown. - Brussels has accepted measures from Apple, allowing rivals access to its contact list and payment technology system, helping Apple avoid hefty fines in an antitrust probe. For more intriguing news, especially in the pharmaceutical sector, check out our Spotify: https://lnkd.in/gFJTwSdh Leave a like and stay tuned for more updates and happy weekend!

Here’s a summary of last week’s key events: 1. U.S. Markets: The S&P 500 and Nasdaq ended slightly positive, while the Russell 2000 fell 0.5%. Energy stocks surged nearly 7% due to an 8.5% rise in crude oil prices amid Middle East tensions. 2. Jobs Report: September’s non-farm payrolls exceeded expectations at +254k, lowering the unemployment rate to 4.1% and boosting wage growth. This reassured investors about the U.S. economy’s stability. 3. Interest Rates: The 10-year U.S. Treasury yield neared 4%. Fed Chair Powell indicated a cautious approach to rate cuts, emphasizing data-driven decisions. 4. Strikes and Claims: Weekly jobless claims remained low, though future data might be affected by Hurricane Helene and the Boeing strike. A major dockworkers’ strike was suspended after a tentative wage agreement. 5. Global Markets: Eurozone CPI fell below 2% for the first time in three years, hinting at a potential rate cut. China’s markets remained strong despite a slight contraction in factory activity. The Japanese yen dropped following dovish comments from the new Prime Minister, with potential rate hikes in question. Here’s a summary of the week ahead: 1. Middle East Conflict: So far, the conflict has mainly impacted energy markets, but investors are cautious about potential broader effects on global assets. 2. U.S. Economic Data: Key events include U.S. inflation data, Treasury auctions, and the start of the third-quarter earnings season. An upside surprise in Thursday’s CPI report could support further interest rate cuts. 3. Federal Reserve: The release of the FOMC meeting minutes on Wednesday is expected to reinforce the cautious approach to rate cuts. 4. Other U.S. Data: Consumer credit figures, and preliminary consumer sentiment and inflation expectations for October will be released. 5. Earnings Season: Major banks like JP Morgan Chase, Wells Fargo, and Bank of New York Mellon will report earnings on Friday. 6. International Data: Europe will release retail sales data, and Germany will report on industrial production and factory orders. The UK’s monthly GDP data is also due on Friday. 7. British Pound: The pound fell last week after BoE Governor Bailey hinted at possible further rate cuts if disinflation continues. https://lnkd.in/eYjzv5SJ