Look, guys, I’m not usually one to toot my own horn… OK maybe I am… but… beep beep. Earlier this week I gave you a preview of major events taking place this week — along with my predictions.
And guess what? Now we’ve reached the end of the week and it’s time to recap the week and give you an August 2021 market volatility update. And also to tell you… I was right.
So, without further ado, welcome to the Joy of the Trade weekly wrap-up.
I was concerned with some big earnings events this week, Federal Reserve talk and of course, volatility.
The first major earnings were from Home Depot Inc. (NYSE: HD). It got smashed this week with a gap down on earnings, despite beating estimates. When you beat and still get hit… that’s a bad sign.
That means the market is fully pricing and expecting the economy to cool. Which I can’t help but take as a bearish sign amid rampant inflation and market volatility coming in August 2021 and beyond.
August 2021 Market Volatility Update: Get Ready
All signs point to volatility right now. Obviously, we knew what was going on in Afghanistan on Monday. I warned you then that the events overseas could lead to China attempting an alliance with the Taliban to eventually gain a foothold in the premiere semiconductor hub center.
Hello volatility in the tech market.
As I noted then, Afghanistan is a huge mining center, and Chinese President Xi Junping could look to aggressively get into that market . Such a strong foundation could allow them to expand further, as well.
And given the semiconductor shortage and poor China-U.S. relations… that could bring some bearishness to the tech sector.
Which leads me to the final two points of my August 2021 market volatility update. Check out my short video below to see what’s going on and how I called it.
Spoiler alert: We’re in for a bearish, volatile market so get ready. If you need some help with that, make sure to check out my services where I’ve got a ton of trades to keep you protected.
I even gave away a free Burn Notice trade this week!
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