Half-Time Report -- A Recession Is Back On The Table, Certainly A Bear Market -- August 1, 2024

Locator: 48286INV.

The market swing; with the economic data that was released today and the market sell-off today, across the board, the CNBC "Half-Time Report" analysts are all saying JPow and the Fed are now "behind the eight ball."

More damning, some are saying the market sell off is because JPow and the Fed seem to have "gone against their own word." Now that the data has come in and the data supports a Fed cut and that Fed does not begin cutting, traders are disappointed (angry) with the Fed for "lying" to them.

There's a general consensus the Fed and JPow have lost their credibility. 

There's a general consensus that JPow should have announced the first cut in his speech yesterday, July 31, 2024, and some suggest it is now obvious that the Fed and JPow should have begun cutting a month or maybe two months ago. 

The risk of recession -- a hard landing -- is now back on the table, according to panelists on the "Half-Time Report." 

It's interesting that the market started out green this morning, but then all of a sudden went red and "very" red very quickly. 

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Apple

Not a good day for Apple to be releasing results.   Unless one's a buyer!

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AI

Link here.

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Huge Buying Opportunity -- Thank You JPow

Huge cash flow and the new month has just begun. 

Wow. 

And a rolling 30-year horizon.