[Altos Weekly Traders Edge] Inflation Eases, Rate Cuts Near...Details Inside.

SPONSOR Think of a stock… Any stock… Got it? Good… Because I’m going to tell you the exact day you should consider buying it… And the exact day you should consider selling it… All you have to do is look at the dates on these sheets that [I’m going to send you for FREE](. --- Just tap there to get your copy By clicking the link above you agree to periodic updates from ProsperityPub and its partners ([privacy policy]( ★ WEEKLY MARKET OVERVIEW ★ Inflation Eases, Rate Cuts Near? Hi Traders, Friday was a wild day for the SPX (S&P 500), with a sharp drop followed by a remarkable recovery. This kind of volatility reminds us that even in a year with strong gains, there can be sudden shifts. The question on everyone's mind: is this a temporary pause before a new climb, or a sign of more trouble ahead? The SPX bounced back right around a critical support level of 5,180-5,200, a zone that lines up with its important 50-day moving average. This suggests the market may be finding its footing. While some sideways movement might happen, the overall trend is still pointing upwards. However, a break below that 5,200 level could mean revisiting the 5,000 mark. Looking up, there's resistance around 5,300-5,350. If the market can push through that, it opens the door to 5,500 or even higher. This, combined with positive long-term factors, supports a year-end target of 5,800-6,000 for the SPX. Inflation Cooling, Rate Cuts Brewing? The latest core PCE (Personal Consumption Expenditures) reading was better than expected, coming in at 2.8%. This suggests we've passed a temporary inflation bump and might be back on track for continued improvement. We've seen this pattern in other inflation measures as well, including the recent CPI (Consumer Price Index). Interestingly, the "real" inflation rate (as measured by independent sources) may be even lower than the official numbers suggest, sitting closer to the Fed's 2% target. This could mean the official numbers will come down further, and the Fed might start cutting interest rates sooner rather than later. The chances of a rate cut in September or earlier are now above 60%, up significantly from last week. This optimism stems from the recent positive economic data. Friday's jobs report is the next key piece of the puzzle. Jobs Report: A Balancing Act The upcoming jobs report could have a big impact on the market. The prediction is 185,000 new jobs, slightly higher than last month's 175,000. The market is looking for a "Goldilocks" number – not too high, not too low. A figure around 100-175,000 would show a slight softening in the labor market, which is good for rate cut expectations, while still indicating a strong overall economy. A number above 200-225,000 could lessen the chances of a rate cut, while a very low number could raise concerns about the economy weakening too much. The Big Picture The SPX has seen impressive gains since its 2023 lows. While there might be some bumps along the way, it's important to remember that the market is still in an upward trajectory. Progress on inflation, a resilient economy, and potential Fed rate cuts are all factors that could push high-quality stocks to new heights in the years to come. - The Team at Altos Trading SPONSOR I want to let you in on what may be the hottest crypto discovery of all time… One that has NOTHING to do with creating a crypto wallet or touching ANY risky coin for that matter. Instead, it’s a way that could let regular folks like you and me target 10X the possible results you’d expect from buying Bitcoin … in just a fraction of the time It sounds nuts… trust me I know that… But just as I would hate for you to jump into any risky crypto asset… That’s exactly how I would hate for you to miss out on what could be a safer and better way to benefit from the crypto bull run of 2024. Which is why I’m giving you an opportunity to get all the details of this iconic crypto discovery with you for the first time ever… completely free… You’re going to see: - How one major January upgrade could send Bitcoin’s price soaring 500% over the coming years… - How to take advantage of a little-known “bitcoin hack” from any regular brokerage account (just like trading AAPL or AMZN) - Our #1 way to invest in Bitcoin for 2024 If you want in, [Just Click Here]( By clicking the link above you agree to periodic updates from ProsperityPub and its partners ([privacy policy]( Missed our live Weekly Market Review? Don't worry, the replay is here! This week, we mapped out crucial price levels in our Market Overview. We then looked into the 36-Month Moving Average (MA) to assess its historical significance. Interested in proven strategies? We explored the 50/200 MA strategy, a popular approach for identifying potential trend reversals. And in our Share Your Favorite Symbol! segment, we discussed insightful picks from the community. The Ticker Q&A Roundtable was buzzing with activity, providing a wealth of knowledge for all your trading questions. Life gets busy, but replays are available by Wednesday noon – learn at your own pace. Join us next Tuesday for our live session, where we'll dive deeper into market analysis! This week our topics were... - Market Overview - Mapping Out Key Levels - Review 36-Month MA - 50/200 MA Strategy - Share Your Favorite Symbol! - Ticker Q&A Roundtable [Watch the Replay Now]( SPONSOR [New Customers earn 5.25% APY* (variable)]( Store your money with Cash Reserve, a high-yield account built for peace of mind. New customers earn 5.25% variable APY*—that’s 13x higher than the national savings rate. ** Plus, your money’s FDIC-insured up to $2M†at our program banks and no limits on withdrawals and transfers. **The national average savings account interest rate is reported by the FDIC (as of 5/15/23) as the average annual percentage yield (APY) for savings accounts with deposits under $100,000. [Sign Up Now!]( Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA [Unsubscribe]( | [Change Subscriber Options](