Hello and welcome back to Superforecast Trader! Matt Clark is out for the remainder of the week, so I’ll keep today’s trade alert brief… It’s been a busy 24 hours for markets, with Federal Reserve Chairman Jerome Powell delivering the highly-anticipated first rate cut of 2025.
Read MoreLast week’s trade was a roaring success… After entering our Super Divergence trade on Tuesday, we managed to close out the first half of the trade on Wednesday (less than a day later) to lock in a 134% return. Then on Thursday, we closed out the second half of our trade for a Superforecast Trader record 174% gain!
Read MoreWelcome to the Thursday edition of Superforecast Trader! We’ve already had an exciting week, of which Matt will get into a little bit later. First, I want to discuss the latest weekly jobless claims figures, which came out this morning… They were a doozy.
Read MoreThe market got a brush of good news this morning.Wholesale prices fell slightly in August, according to the Bureau of Labor Statistics, heightening confidence that the Federal Reserve will trim its benchmark interest rate at a meeting later this month.
Read MoreLast week, we saw a doubleheader of bearish data coming from the jobs market… On the one hand, we saw virtually no new hiring — and on the other, we saw a noticeable uptick in claims for jobless benefits. Does that mean we’re headed into a recession?
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