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On the SPOT™ blog (08/18/2023) [W..]

Relatively calm markets this Friday morning (PST) as DJIA is near the flat line right now in slight green while S&P500 and Nasdaq Composite are in the red. Investors have perhaps turned cautious following all the economic data from recent weeks. Next insight about Feds' next move could come from its Chairman's speed expected next Friday at Jackson Hole during the Central Banks symposium. In other news, Bitcoin tumbled after an article came out that showed that Elon Musk's SpaceX wrote off and sold all its Bitcoin. Chinese company Evergrande file for bankruptcy. If my memory serves me right then I think September is #1 and August is #2 in terms of likelihood of market declines so nothing very surprising especially given the delicate balance between strength of the economy and direction of inflation.

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