Rate Cuts Are Becoming a Near Certainty

[Trading With Larry Benedict]( Rate Cuts Are Becoming a Near Certainty By the Opportunistic Trader Editorial Team The job market is weakening… During recent remarks to Congress, Federal Reserve Chair Jerome Powell said that the labor market “cooled really significantly across so many measures.” Last week’s jobless claims rose to 243,000. That’s more than economists expected. And it’s the highest level since August 2023. Unemployment is also rising. Nearly 1.87 million Americans are getting benefits. We haven’t seen levels this high since November 2021. That was during the COVID pandemic. So signs are hinting that the economy is starting to cool. And combined with slightly lower inflation in the latest Consumer Price Index report, it seems a near certainty that the Fed will start easing interest rates soon. In fact, the market is pricing in a nearly 100% chance the Fed will cut rates at its September meeting. So buckle up… The next few months will almost certainly be an active time for the stock market… and us as traders. In the meantime, catch up on this week’s content by checking out the links below… Recommended Link [This Could be Your “Big Money” AI Moment]( [image]( Louis Navellier, who manages approximately $1 billion, has just revealed what he calls his “AI Retirement Formula.” It’s your chance to book a series of huge, consistent payouts as the AI industry races towards a $1.3 trillion valuation. [Click here for his full report.]( -- --------------------------------------------------------------- [thumbnail]( [Gold Is Building on Its Historic Breakout]( Today, let’s take a look at gold’s breakout and see if there’s room for prices to run higher. --------------------------------------------------------------- [thumbnail]( [Make Sure You’re Asking the Right Question]( Only when I started asking the right question did I turn my trading around… --------------------------------------------------------------- [thumbnail]( [For a Trader, It’s Often the Small Profits That Count]( Instead of focusing on chasing big returns, I scour the market for regular, small gains. Doing so has been a cornerstone of my trading career. --------------------------------------------------------------- [thumbnail]( [The Biggest Mistake for Rookie Traders]( The biggest, most important concept in trading is something that’s totally lost on most new traders. --------------------------------------------------------------- [thumbnail]( [The Secret Ingredient Many New Options Traders Miss]( A big reason so many option traders get stuck is because they fixate solely on the price action of the underlying stock… --------------------------------------------------------------- [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](