MARKET DAILY

Midday market 08/30: SPX faces resistance at 4500, macro boosts hopes for FED Pivot

Employment report and GDP data show the economy is ready to stop the rate hike cycle

In this video Steve updates and analyzes the employment report and Q2 GDP revision on 08/30. Additionally, I outline the safest and least risky ways to short or long Vinfast exploiting IV for Options Arbitrage.

In August, nonfarm payrolls recorded 177,000 jobs, a significant drop from 324,000 the previous month. This is the lowest increase since March this year.

Leisure and hospitality sector had the lowest job growth, only 30,000 in August after a period of high growth.

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