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All Time Highs? Recession Road?
Your Weekly Brief - 9/2
I hope you all had a long, well-deserved Labor Day weekend, I know we did here at The Trading Brief! Thank you for tuning back in, for another edition.
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On the Menu for This Week:
NEWS
Recession? Oh, You Mean That Fabulous Vacation We’re All Taking?
Ah, the looming recession in the United States—everyone’s favorite topic for dinner parties and the inevitable small talk at the gym. It’s almost like the economy is throwing a “surprise” party, and the guest list includes everyone who’s ever worried about their 401(k) or wondered if they should have invested in gold bars instead of avocado toast.
The Invitation:
So, the U.S. economy is apparently sending out invites for a grand recession extravaganza. Everyone’s welcome, especially those who’ve been dutifully saving their pennies and following the financial news like it’s the latest season of a Netflix drama. Yes, the economy is on its way to that exclusive “Economic Downturn” club, and it’s going to be the talk of the town—so much so that your social media feed will soon be overrun with posts about the “good old days” when inflation was just a mild inconvenience and not the central plotline of our economic soap opera.
The Dress Code:
Forget black-tie; this recession calls for sweatpants and a wide array of comfort food. You see, when the market crashes, personal finance becomes the new fashion statement. Why buy a new outfit when you can rediscover your love for cereal and binge-watch every show you missed while pretending to be productive? It’s all about embracing the finer things in life, like third-rate coffee and the thrill of checking your bank balance to confirm that, yes, you’ve still managed to spend the last of your money.
Entertainment Options:
What will you do for fun during this economic downturn? It’s simple—rediscover the ancient art of “making do.” Instead of hitting up the latest blockbuster or trendy restaurant, why not host a “Staycation Bingo” night? Check off squares like “reheat leftover pizza for the fifth time” or “stare wistfully at old vacation photos.” The best part? You can proudly proclaim you’re “saving money” while adding a touch of nostalgia to your Friday nights.
Culinary Delights:
On the menu: anything that comes in bulk and won’t spoil before you can eat it. Rice and beans become your new best friends, and you’ll finally understand why everyone’s grandma had a secret recipe for “frugal stew.” If you’re feeling particularly adventurous, try making gourmet dishes out of whatever you can find in the back of your pantry. Who knew that expired pasta could be so… character-building?
The Upside:
But let’s not be negative. There’s always a silver lining! Recessions are the perfect opportunity to brush up on your DIY skills. Ever thought about fixing that leaky faucet yourself? Well, now’s the time to learn, preferably through a series of internet tutorials and several calls to your slightly-more-handy friend. If nothing else, you’ll gain a newfound appreciation for the professionals who usually handle these tasks—and for the simple joy of not having to fix things yourself.
A Final Toast:
So, let’s raise a glass to the impending recession—because if we’re going to ride this roller coaster, we might as well do it with a sense of humor and an appreciation for life’s simpler pleasures. Cheers to reduced spending, increased DIY projects, and the enduring hope that someday, we’ll all look back on this time and laugh… assuming, of course, we can afford to buy ourselves a laugh.
In the meantime, remember to enjoy the ride. After all, a recession is just another way the economy tells us it’s time for a little more introspection and a lot less extravagant spending. And if you find yourself dreaming of better days, just remember: every downturn has an upturn. Eventually. Maybe. Hopefully.
EVENTS
Important Data Events - Week 36
🟠 = less important
🔴 = more important
Tuesday, September 3
2:30a EST 3a EST 10a EST 9:30p | 🔴CPI (CHF) 🟠GDP (CHF) 🔴ISM Manufacturing PMI 🔴GDP (AUD) |
Wednesday, September 4
9:45a EST 10a EST 10:30a EST 10p EST | 🔴BOC Rate Statement 🔴JOLTS Job Opening 🔴BOC Press Conference 🔴RBA Gov Bullock Speaks |
Thursday, September 5
4:30a EST 8:15a EST 8:30a EST 9:45a EST 10a EST | 🟠Construction PMI (GBP) 🔴Employment Change 🔴Unemployment Claims 🟠Final Services PMI 🔴ISM Services PMI |
Friday, September 6
8:30a EST 8:45a EST 10:00a EST 11a EST | 🔴Unemployment Rate 🟠FOMC Member Williams Speaks 🟠Ivey PMI (CAD) 🟠FOMC Member Waller Speaks |
WEEKLY TRADING LEVELS
FUTURES INDICIES
Enjoy this list of levels that have been curated for you! These levels are some major support and resistance levels that have been identified as areas of interest.
Use them to guide your charting, happy trading! ☘️
ES 5720 5669 5561 5243 5183 5119 5048 | NQ 20024 19900 19844 19796 19690 19628 19595 19399 19342 19194 19136 |
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FEATURED CONTENT
Order Blocks Simplified
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Thank you for tuning in! Feel free to refer your friends if you enjoyed the publication.
Peace out, happy trading! 😝
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