 | | Alex Moschina
Publisher | Recession? What recession? After the week started with historic drops... Kicked off by weaker-than-expected jobs numbers that suggested the economy might be cooling a little too fast... The talking heads were back to throwing around that nine-letter word that strikes fear into the hearts of investors. [Yours Free! Top FIVE Dividend Stocks Right Now ] Goldman Sachs warned that the risk of a downturn was growing. Others followed suit, including America's largest bank, JPMorgan. A torrent of headlines ensued... It was a cold splash of water after months of whispers that the Fed may actually pull off the mythical "soft landing" it promised. Fear was back in a big way. Then on Thursday... things turned around. The cure for bad labor numbers, it turns out, was not-so-bad labor numbers. Weekly jobless claims came in lower than expected. Meaning that even though July was a rough month for the American worker... things may not be so bad after all. (We know what you're thinking, and no, investors cannot sue the Bureau of Labor Statistics for giving everyone whiplash.) The S&P jumped more than 2% on Thursday in response to the news. As Robert predicted in his piece on Tuesday, the CBOE Volatility Index (VIX) returned to a more palatable level after Monday's massive spike. It's sitting around 24.37 as I write, right on the edge of normalcy and nervousness. It's down 60% from the peak on Monday, which represented - in Robert's words - "a full-blown market panic." Tech stocks, as I mentioned on Wednesday, were hit especially hard. That's why Shah followed Robert's piece with a look at support levels for each member of the Magnificent Seven in a special edition of Buy This, Not That. "[There] are some underpinnings of support and hope," Shah explained. Strong earnings and an all-but-assured September rate cut should ultimately bolster these megacaps. Things were already looking much better as we closed the week. As of Friday morning, every Mag 7 stock was up from where it started on Monday. 
View larger image Of course, there's no way to know exactly what next week will bring. Could July CPI numbers - set to release on Wednesday - cause another mini-panic? Absolutely. We could also see evidence that inflation is looking well under control, raising the chance of a 25 or even a 50 basis point rate cut in September. But the fact is... it's Saturday. Markets are blissfully closed. And we've all got better things to do than speculate about what the coming week will bring. In the words of the Buddhist monk Bodhidharma, "To seek is to suffer." "To seek nothing," he concluded, "is bliss." Or, as the O'Jays once sang... "For the next two days, I'm livin' for the weekend." Enjoy it. We'll be back on Monday with Shah's Takeaways. Have a great weekend, Alex Monday Takeaways: Sentiment Has Turned… Get Ready to Buy  The Fed's promise of a rate cut did nothing to calm nerves after a poor job report. Here's what's coming… This Is the Absolute Best Time to Buy Stocks  While everyone was panicking, the market just gave us one of its strongest historic "Buy" signals. Keep reading... When to Load Back Up on the Magnificent 7  The Magnificent Seven have sold off hard. In this special edition of Buy This, Not That, Shah shows us where the best buying opportunities are. Find out here. Dealmaker's Diary: The Stock Financing Our Energy Future  You don't have to believe in climate change to like this company... Get the ticker here. How to Pick Up Stocks on the Dip  Like any good bargain shopper, we must do our price research before buying stocks on the dip... using Shah's favorite technical tools. See them here.
Want more content like this? | | | | | Alex Moschina Alex Moschina is the Publisher of Manward Press. A gifted writer, editor and financial researcher, Alex's career in publishing began more than a decade ago when he worked at one of the world's leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada. | | | | 
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