Alex | Markets

How today's news hits listed stocks.

[Alex | Markets @Alestock10X]

The US added 29,000 jobs. Forecast was about 85,000.
Unemployment rose to 4.2%. Forecast was 4.1%.
August was cut from 162,000 to 133,000.

An October hike is now off the table.
Watch $QQQ.

[Alex | Markets @Alestock10X]

@Spybef0rey0ubuy $SPCX

[Alex | Markets @Alestock10X]

@GrindeOptions $SPCX no doubt

[Alex | Markets @Alestock10X]

@KobeissiLetter Factories are paying more. Jobs just came in weak.
The Fed cannot fix both with one move.

[Alex | Markets @Alestock10X]

@KobeissiLetter Jobs came in weak. The 10-year still bounced back.
Skipping a hike in October does not fix oil or the debt.

[Alex | Markets @Alestock10X]

$SPCX is up about 7.3%, near $159.
People are finally waking up. The potential is huge.

[Alex | Markets @Alestock10X]

@KobeissiLetter An October hike is now off the table.

[Alex | Markets @Alestock10X]

@DeItaone Europe can relax a bit.
The jump is oil and gas, up 18.8%.
It has not fed into the rest of prices yet.

[Alex | Markets @Alestock10X]

Europe printed 3.8% inflation.
It was 3.2% last month. Forecast was about 3.7%.

Take out energy and food and you get 2.5%. That did not jump.
That is the good part. Prices are not rising on their own.

Oil and gas did the damage. They are up 18.8%.
Same bill as the US.
Watch $XOM.

Jobs in the US at 8:30 ET.

[Alex | Markets @Alestock10X]

@SorrelKnox I think is too early to call it a turn.

[Alex | Markets @Alestock10X]

The US 10-year hit 5.36% and backed off to about 5.24%.
Buyers showed up at a 24-year high.
Yesterday’s soft inflation print helped.
Oil did not fall. This might a pause, not a turn.

[Alex | Markets @Alestock10X]

@zerohedge The short Italian bonds rose more than the 10-year today.
Not only a long-debt story.

[Alex | Markets @Alestock10X]

@KobeissiLetter The real hit comes when those firms have to borrow again.

[Alex | Markets @Alestock10X]

@DeItaone A later hike stays on the table.

[Alex | Markets @Alestock10X]

Weekly jobless claims print at 8:30 ET. ISM Manufacturing PMI prints at 10:00 ET.
Odds sit near 38% now, down from about 71% a week ago after the soft inflation print. Goldman moved its next hike call to December.

[Alex | Markets @Alestock10X]

@KobeissiLetter Stocks look calm.
The government bond market does not.
When that split shows up, the calm in stocks often does not last.

[Desiree @DesireeAmerica4]

You're not going to believe how nasty Delta is.

​Delta CEO Ed Bastian got caught trashing Elon Musk at internal meetings to explain why they rejected Starlink. But don't buy the corporate moral high ground for a second.

​Delta tested Starlink, but Elon refused to let them trap passengers behind ad-tracking portals to farm and sell user data. SpaceX wanted instant connection just like home, with zero data harvesting.

​So what did Delta do? They signed with Amazon’s completely untested satellite network which won't even launch fleetwide until 2028. Strictly to monetize passenger information.

​United flyers get 300 Mbps; Delta flyers get dial-up and a data harvest.

[Alex | Markets @Alestock10X]

@fammetaX $SPCX

[Alex | Markets @Alestock10X]

@SorrelKnox October looks less likely after this print.
December is likely now.
Unless oil jumps again.

[Alex | Markets @Alestock10X]

Core prices rose 0.2%. Forecast was 0.3%.
The yearly core rate is 3.0%. Forecast was 3.3%.
GDP was revised to 2.2%.

Soft inflation. Stronger growth.
An October hike is less of a sure thing.

Watch $NVDA