Today, for capital preservation Friday
1. Employment head line number was down, market said yea people loosing jobs now the Fed will cut. Of course 12 of the last 13 months that jobs number was lowered in next months "revision" and we are within a meeting of the last chance the Fed can cut before the election.
2. Apple can't sell phones, can't figure out how to build a car, can't make a head set that anyone wants. What is poor Tim going to do to get his stock price up? Pay out his cash hoard turning Apple into an in debt firm with declining sales and tremendous tax liabilities.
3. ISM numbers said stagflation is here
Monday we trade with fewer options and no obvious bad news is good for the market action. Thinking we slowly slip down towards the low of this range waiting for Nvidia.