Table of Contents

• Market Week in Review

• The Highlights

• ICYMI (in case you missed it)

• This Coming Week

• BWB Updates

Market Week in Review

The Highlights

Tech’s Rough Ride
The NASDAQ tanked 6%, with Apple (-4%) and Nvidia (-13.9%) leading the losses thanks to AI regulation fears and investor expectations not being met. 

Job Growth Hits the Snooze Button
August saw just 142,000 new jobs, missing expectations by a wide margin from an expected 162,000. September will be a key job growth to pay attention to, because seasonal labor will begin for larger retailers going into Q4.  This is probably the most important jobs report of the year.

Oil Slips on a Banana Peel
Crude oil prices dropped below $70 per barrel—down to a 14-month low. Cheaper gas is nice, but energy stocks might feel the burn.

Bond Market Hits the Brakes
The 10-year Treasury yield fell to 3.72%, the lowest since June 2023. The Yield curve inversion looks to be coming to an end. 

The Fed’s Dilemma: How Much of a Drop?

With inflation at 2.9%, the Fed is debating its next move on interest rates. Will it be 25 or 50 bps in September? The soft landing seems to be a moving target.  Some analysts are speculating the fed will cut a full 1% in 2024. Prepare for CDs, Bonds, and high yield savings accounts to quickly drop. 

ICYMI (in case you missed it)

1. Yield Curve Inversion just ended, but do you know what it means?

2. With rates dropping, this is the right time to lock in the best CD rates while you still can.

3. One of last week’s top performing companies (Samsara IOT) happened to be in my last TOP AI companies video in cased you missed it.

This Coming Week

CPI Inflation and consumer sentiment releasing this Wednesday

BWB Updates

• Vacation begins this week – No new videos until the end of the month. I’ll be in Rome and Greece and it’s my first time. I can’t wait!

• Limits Express: This is a sponsor that offers automating an Amazon business for its investors. I do not make any recommendations for any sponsors. I invested with them to make certain they were legitimate. I have made about a 9% return on capital investment so far, and it is less than expected. Not because of Limits Express, but because of Amazon. Amazon interviewed me, and stated I was not allowed to have an FBA business. After several discussions with Amazon, they recognized their error and apologized for the mistake. This put my Amazon business on hold for over 6 weeks. So far, the business is getting back on track and working well. Several people asked for an update, and I want to keep everyone informed. 

• I spoke about software (Snow Ball Analytics) that I use in tracking dividends. The software is a must if you rely heavily on dividends during retirement. This week they are bumping up the savings to 30% off starting on September 9th thru the 18th. You can use the code BWB10 and it should give you 30% off during those dates.

• My Portfolio – Here’s a link to my percentage breakout for my investments. They change quite a bit every month. I increased my cash holdings going into September knowing it would be a harsh month. And now I’m shopping for stocks to improve my DCA (Dollar Cost Averaging).