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Hello, my friend!
Just a quick note this morning.
My goal with these daily updates is to keep you prepared before the opening bell - especially on days like today when multiple market-moving reports are on the calendar.
We're also heading into the end of the month, which means there's potential for portfolio rebalancing by larger institutions.
Some of that rotation may have already taken place as sentiment has pushed toward Extreme Fear, but remember, sentiment is a short-term indicator - not a trading signal on its own.
Despite the recent volatility, the Nasdaq remains just 2.8% below all-time highs, meaning the broader uptrend is still intact.
⚡ Expect volatility, but don't confuse volatility with a change in trend.
📰 Today's Key Economic Reports
Chicago PMI - 9:45 EST
It measures business activity in the manufacturing sector. Higher-than-expected readings suggest stronger economic activity, while weaker readings point to slowing growth.
This is one of the market's earliest reads on economic momentum. Strong data can push Treasury yields higher, while weaker data may increase expectations for future rate cuts.
Nasdaq’s Impact
🟢 Bullish: Slightly weaker reading (supports lower rates and growth stocks)
🔴 Bearish: Much stronger reading (higher yields can pressure technology stocks)
US Consumer Confidence - 10:00 EST
Measures how optimistic consumers feel about the economy, employment, and future spending.
Consumer spending drives the majority of the U.S. economy. Changes in confidence often influence expectations for future growth.
Nasdaq’s Impact
🟢 Bullish: Slightly softer reading that supports rate-cut expectations
🔴 Bearish: Exceptionally strong reading that could keep interest rates higher for longer
JOLTS Job Openings - 10:00 EST
Tracks the number of available job openings across the U.S., giving the market another look at labor demand.
The Federal Reserve closely monitors the labor market. A cooling jobs market can ease inflation concerns, while persistent strength may delay future rate cuts.
Nasdaq’s Impact
🟢 Bullish: Fewer job openings than expected
🔴 Bearish: More job openings than expected, which could lift Treasury yields and pressure growth stocks.
The key isn't predicting the headline - it's watching how institutions react. Stay patient, let the volatility settle, and trade the market's reaction - not the headline.
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⚡Recommended Prop Firms⚡
The Lithium Boom is Heating Up
Lithium stock prices have more than doubled in the past year in response to ballooning costs and shortages. $ALB climbed 185%. $SQM, 133%.
This $1B unicorn’s patented technology can recover up to 3X more lithium than traditional methods. That’s earned investment from leaders like General Motors.
Now they’re preparing for commercial production just as experts project 5X demand growth by 2040. EnergyX is tapping into 100,000+ acres of lithium deposits in Chile, a potential $1.1B annual revenue opportunity at projected market prices.
Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.
This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.
Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.
Have a great trading session,
Until next time,
Steve B
Founder, The Daily Impulse
Important Disclaimer:
This newsletter is for educational purposes only and does not offer financial or investment advice. It should not be taken as a recommendation to trade assets or make any financial decisions. I am not a registered investment advisor, broker, or licensed financial professional. Please be cautious and ensure you conduct thorough research or consult with a financial professional before making any investment choices. Trading and investing involve significant risks, including the potential for substantial financial loss.
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