🚨🚨 NFP comes in very hot.

U.S. Aug Nonfarm Payrolls: 162K, [Est. 56K]
July Unemployment Rate: 4.1%, [Est. 4.1%]

US Treasury yields jump.

Short term bearish for all markets.

📊 Global central banks purchased +23 tonnes of gold in July, marking their 4th consecutive monthly purchase.

This follows +51 tonnes in June, their 2nd-largest monthly purchase since November 2024.

🚨 $420 Billion wiped out from the US stock market as the Fed rate hike odds jumped above 60%.

🚨🚨 After falling -80% from its record high, Nike, $NKE, will be removed from the S&P 100 at the end of this month, ending a near 18-year run in the index.

The stock has now erased -$230 billion in market cap since its all time high.

📊 Key Events This Week:

- US Markets Closed, Labor Day - Monday
- US 10Y Note Auction - Wednesday
- August PPI Inflation data - Thursday
- August Existing Home Sales data - Thursday
- August CPI Inflation data - Friday
- September MI Inflation Expectations data - Friday
- September MI Consumer Sentiment data - Friday

🏛️🇺🇸 401(k) accounts with $1M+ balances hit record 769,000, up 19% in Q2, driven by 15% S&P 500 gain.

📊 Elon Musk says you will be able to plug PlayStation or Xbox consoles directly into your Tesla.

🚨🚨 Jaguar set to lay off 4,000 workers to save $2.3 billion.

📊 Copper Prices Reach Record High Of Over $14,530 Per Ton On LME.