Volkswagen stock is up more than 5% in Germany after announcing plans to cut an additional 50,000 jobs.
That’s 50,000 families trying to figure out rent, school, and what’s next.
The auto industry is shifting fast.
🚨Beware: Since 1998, the second half of September tends to be far more weaker than the first two weeks of the month.
The optimal seasonal sell-point is usually around Sept. 16-17, which just so happens to be the day of the next Fed meeting.
Will this year be different?
🇳🇱 🚨 The Dutch central bank just transferred 86 tons of its gold held at the Fed’s Manhattan vault and the Bank of Canada’s Ottawa facility to the Bank of England's vault in London.
The reason? Increasing geopolitical unrest after Donald Trump’s return to office.
When a cautious, technically minded European central bank starts treating New York storage as less convenient than London storage, it is telling you how the risk calculus has shifted.
🚨September is the biggest losing month for the S&P 500, Dow and Nasdaq since 1950.
In fact, the S&P 500 in particular has seen especially weak September performances over the last 10 years.
The broad market index $SPY averages a -0.7% decline for the month.
🚨SEPTEMBER REMAINS THE TOUGHEST MONTH FOR STOCKS IN THE POST-QE ERA — MARKETS FACE SEASONAL VOLATILITY, WEAK RETURNS, AND HEIGHTENED ECONOMIC UNCERTAINTY AS ANALYSTS WARN OF FRESH DOWNSIDE PRESSURES THIS MONTH
Time to buy puts?
🚨 BREAKING:
WTI Crude oil prices just hit their highest level since July following latest US attacks against Iran.
Things are heating up once again in the Middle East.