If I had to try to pin down a catalyst for the comeback it would be the news on a few fronts:More dovish UMich surveyLower 1-year inflation expectations in the NY Fed surveySigns of a deal on a US government shutdownThe thing is, that all hit around 10 am ET and the market didn’t bottom until two hours later. What I would highlight is that the bottom came almost right at noon ET, which is also when Europe closed. On the shutdown point, Democratic Senate leader Schumer is saying they’re looking for a one-year extension on healthcare subsidies. That has added to some positive momentum. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight The recent market bounce is fueled by dovish sentiment from key surveys and potential government shutdown resolutions. The University of Michigan’s consumer sentiment survey showing a more dovish outlook, combined with lower inflation expectations from the NY Fed, suggests traders are recalibrating their risk assessments. This shift could lead to increased buying pressure, especially if the government shutdown is averted, which would further stabilize market sentiment. Traders should keep an eye on the 10 AM ET timeframe, as significant market movements often coincide with major economic announcements. However, it’s worth questioning whether this optimism is sustainable. If inflation data continues to surprise to the upside, or if the government fails to reach a deal, we could see a quick reversal. Watch for key resistance levels in major indices; a break above recent highs could signal a stronger rally, while failure to hold these gains might trigger profit-taking. Monitor the next inflation report closely as it could dictate the market’s direction in the coming weeks. 📮 Takeaway Watch for market reactions around 10 AM ET; a sustained rally depends on inflation data and government shutdown outcomes.

Crude oil futures are settling at $59.75 up $0.32 on the day. For the trading week, the price is down $-1.06 or -1.74%.Technically, the price high on Monday extended above the falling 200 bar moving average on the 4-hour chart but found willing sellers against the low of the swing area at $61.45. The upper swing area codes between $61.45 and $61.94. On the lower end this week, the price did fall below the 100 bar moving average after holding support against that moving average last week. The price also fell below the lower swing area between $59.64 and $60.17. However, the momentum lower could not be sustained.Going into next week, the 2 swing areas remain the key support and resistance targets that traders will look to break and stay broken. Watch those levels for bias defining clues. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight Crude oil’s recent bounce to $59.75 is a classic case of sellers stepping in at key resistance levels. The price briefly broke above the 200-bar moving average on the 4-hour chart, but the inability to hold that level signals a potential bearish sentiment. With a weekly decline of 1.74%, traders should be cautious. The swing low is now a critical support level to watch; if it breaks, we could see further downside. Keep an eye on broader market indicators like inventory reports and geopolitical tensions that often influence oil prices. Additionally, the correlation with the USD could also play a role—if the dollar strengthens, oil may face more headwinds. On the flip side, if crude can reclaim and hold above the 200-bar moving average, it could signal a reversal, making $60.50 a key level to monitor for potential bullish momentum. Watch for volatility around upcoming inventory data releases, as they could provide the catalyst for a breakout or breakdown. 📮 Takeaway Watch for crude oil to hold above $59.75; a break below could signal further declines, while reclaiming $60.50 might indicate a bullish reversal.

Next week, the data will be highlighted by UK (Tuesday at 2 PM ET) and Australian jobs reports (Wednesday at 7:30 PM ET/Thursday in Australia. UK GDP will be released on Thursday (at 2 AM ET).If it were a normal week, US CPI would’ve been released along with, retail sales, unemployment claims and PPI data. However the US government is still on shutdown, and even if it were to reopen, there would likely be a delay in the data dump.What time 1 could we expect if there is resolution to the shutdown? The different government data sources including the Bureau of Labor Statistics (BLS), Census Bureau, and Bureau of Economic Analysis (BEA) will resume normal data operations, but usually with a lag as they catch up on missed releases (e.g., CPI, PPI, retail sales, durable goods, GDP, personal income/spending, etc.). The agencies typically will also issue a revised release calendar within a few days, showing new publication dates for all missed and upcoming reports.After the 2018–2019 U.S. shutdown, the BLS delayed the December jobs report by one week and the Census Bureau postponed several key releases for two to three weeks.The BEA had to compress multiple GDP and PCE releases into a single week once operations resumed — a similar pattern would happen this time.The US jobs report would’ve been released today if the government was open.Of course we can expect a number of central bankers giving speeches and interviews. Fed’s Miran remains the biggest dove in the USD. Fed’s Hammack made a run at the most hawkish. Most Fed officials are unsure about December, but seem to be concerned about inflation more than employment now. Is that a ploy to slow the stock market? Perhaps. The Fed does not like to talk about stocks, but they can say things that might slow things down a bit. As Adam points out regularly, the K-economy is a problem and having the rich get richer and drive up prices/inflation is not a good thing when others are trying to put food on the table. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight Next week’s UK and Australian jobs reports could shift market sentiment significantly. With the UK jobs data coming out Tuesday and Australian figures Wednesday, traders should brace for volatility, especially in GBP and AUD pairs. The timing is crucial; if the UK shows stronger employment figures, it could bolster the pound against the dollar, potentially pushing GBP/USD above recent resistance levels. Conversely, weak data could trigger a sell-off. The Australian jobs report will also be under scrutiny, particularly as it follows the recent RBA decisions. Any surprises here could impact AUD/USD and related commodities like gold. Keep an eye on the UK GDP release Thursday morning; a robust GDP could further support the pound, while disappointing figures might lead to a bearish outlook. Here’s the thing: these reports come at a time when traders are already on edge due to the absence of US CPI data. This could amplify reactions in the forex market, making it essential to monitor not just the numbers, but also the market’s immediate response. Watch for key levels in GBP/USD around 1.30 and AUD/USD around 0.65 as potential pivot points. 📮 Takeaway Watch the UK jobs report on Tuesday and Australian jobs data on Wednesday; key levels to monitor are GBP/USD at 1.30 and AUD/USD at 0.65.

Canada October employment change +66.6K vs -2.5K expectedUMich consumer sentiment 50.3 vs 53.2 prelimNY Fed survey finds less worry about inflation and more about jobsTrump: Talking with Hungary about meetings with Russian Pres. PutinBOE’s Pill says not to overinterpret removal of the word ‘careful’Uranium-enriching company jumps after Trump’s sons investThune: I’m willing to give Democrats all they want after reopeningFed’s Jefferson says that the Fed makes decisions based on data, outlookFed’s Jefferson says that difference in opinion among policymakers is a healthy thingMarkets:Gold up $26 to $4003WTI crude oil up 35-cents to $59.78US 10-year yields flat at 4.09%S&P 500 up 0.1%Bitcoin up 2.4% to $103,557CAD leads, JPY lagsA second consecutive non-farm payrolls report was cancelled on Friday as the government shutdown continues but there is some hope for progress on the weekend as lawmakers meeting in Washington and float some proposals. There is still plenty of digging in and bluster but at least there seems to be movement with food stamps and some flights being cancelled.The mood early in the day was poor and stock markets sold off hard, with the bottom coming at noon ET as Europe went home. Tech led the slump with the Nasdaq falling as much as 2%. From there, the dip buyers started to weigh in but it wasn’t until late in the day that strong buying kicked in and brought the S&P 500 into slight positive territory and left the Nasdaq with just at 0.2% loss. It was still a tough week for the NQ, down 3% but not nearly as bad as it as a few hours ago.In FX, the US dollar hit the lows of the day after a soft UMich survey and some dovish inflation numbers in the NY Fed survey. That saw December cut odds tick up and lifted the euro as high as 1.1591.The big winner on the day was the loonie on a second consecutive very strong jobs report. The kneejerk took USD/CAD down to 1.4060 from 1.4110 and then the turn in risk appetite dragged the pair down to 1.4030.Gold briefly jumped on what almost looked like a fat finger as it climbed $35 quickly. It promptly gave it all back though and is winding down the week right at the $4000 level, which is right where it started. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight Canada’s job growth blew past expectations, and here’s why it matters: a strong labor market could shift the Bank of Canada’s stance on interest rates. With employment rising by 66.6K, significantly above the -2.5K forecast, traders should keep an eye on CAD pairs, especially USD/CAD, as this could lead to a bullish sentiment for the loonie. If the Bank of Canada perceives this as a sign of economic strength, we might see a tightening of monetary policy sooner than anticipated, which could influence forex markets. Additionally, the slight dip in consumer sentiment suggests that while jobs are plentiful, consumer confidence isn’t keeping pace, which could temper any aggressive rate hikes. Watch for USD/CAD to test key support levels around 1.35, as a break below could signal further CAD strength. On the flip side, if inflation concerns resurface, it could lead to volatility across markets, particularly in commodities like gold and oil, which are sensitive to interest rate changes. Keep an eye on the upcoming inflation data releases for potential market reactions. 📮 Takeaway Watch USD/CAD around the 1.35 level; a break below could indicate CAD strength as the market reacts to Canada’s strong job growth.

US stocks are closing mixed with the Dow and the S&P closed modestly higher, the Nasdaq still closed lower but still fell by 3% this week for its worst week since the March 31 week.A snapshot of the closing levels shows:Dow industrial average rose 74.80 points or 0.16% at 46987.10. At session lows, the Dow was down -416 points.S&P rose 8.48 points or 0.13% at 6728.80. At session lows, the S&P was down -88.88 points.Nasdaq fell -49.46 points or -0.21% at rose 23004.54. At session lows, the Nasdaq was down -490 points. .For the trading week:Dow fell -1.21%S&P fell -1.63%Nasdaq fell -3.04%This week saw broad weakness among the mega-cap tech names, led by sharp declines in the semiconductor and EV space. Only one stock managed to finish in positive territory.NVIDIA: -7.04% — worst performer of the group, extending its recent correction.Tesla: -5.92% — continued to slide amid demand and margin concerns.Meta Platforms: -4.11% — declined after a strong prior run.Microsoft: -4.03% — pulled back along with the broader tech complex.Alphabet A: -0.82% — relatively resilient but still negative.Apple: -0.67% — modest decline, outperforming most peers.Amazon.com: +0.08% — only gainer in the group, ending slightly higher for the week.Looking at other losers this week were focused on high-beta and growth-oriented names as risk sentiment soured and yields stayed elevated. The selloff stretched across AI, biotech, and consumer sectors, with some high-flyers seeing double-digit losses.Celsius: -31.06% — steep drop after earnings disappointment and margin compression concerns.Super Micro Computer: -23.42% — sharp correction as AI-server momentum cooled and investors rotated out of high-valuation tech.DoorDash: -19.67% — slid after weak guidance and slowing delivery growth.Papa John’s: -19.17% — heavy post-earnings decline on franchise and sales pressures.Raytheon: -17.17% — pulled back on mixed defense-sector sentiment and funding uncertainty.Nebius NV: -14.93% — extended slide amid renewed scrutiny of smaller AI players.Trump Media & Technology Group: -14.58% — continued volatility and profit-taking after prior speculative surge.Block: -13.81% — fell on fintech weakness and broader risk-off trade.Synopsys: -13.32% — gave back gains as semiconductor software names corrected.Shopify: -12.34% — post-earnings retreat as e-commerce growth moderated.Palantir: -11.24% — weakness tied to AI fatigue and stretched valuations.Robinhood Markets: -11.18% — hit by reduced retail trading volumes.Strategy: -10.22% — broad risk-off decline.Arm: -10.20% — chip-sector slide dragged shares lower.ARK Genomic Revolution: -9.96% — biotech and innovation funds under pressure.Moderna: -9.57% — continued slide amid falling vaccine demand.Dell Technologies: -9.45% — profit-taking after strong prior run.ARK Innovation ETF: -9.25% — reflects across-the-board weakness in speculative growth stocks. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight The mixed close in US stocks signals a potential shift in market sentiment, especially with the Nasdaq’s 3% weekly drop. The Dow’s modest gain of 0.16% suggests some resilience among blue-chip stocks, but the Nasdaq’s decline indicates tech sector weakness, which could impact broader market dynamics. Traders should watch for further volatility, particularly in tech stocks, as earnings reports roll in. If the Nasdaq continues to struggle, it could drag down sentiment across other indices, leading to a more pronounced correction. Key levels to monitor include the Nasdaq’s recent lows, which could serve as a support or breakdown point. Keep an eye on the upcoming economic data releases that might influence market direction, especially if they hint at changing interest rate expectations. 📮 Takeaway Watch the Nasdaq’s support levels closely; a sustained drop could lead to broader market declines, particularly in tech stocks.

You know that feeling you get when you read something that was clearly written by AI?It’s happening more and more and it pains me to see real human communication usurped, even if it means fewer typos. It’s obviously where we are headed and untold billions will continue to be made but it’s haphazard, inauthentic and often confidently wrong.if this image is any indication, those same problems are coming to the real world.An OpenAI employee this week posted two images of the ‘OpenAI Library’ presumably at the San Francisco HQ: the one above and this one.If you’ve done any image prompting with AI, it’s clear what this is. It was undoubtedly imagined by ChatGPT and then some expert craftsman were brought in to turn the computer’s vision into real life.In theory, I like this kind of thing. It’s a killer app for improving your own home and a devastating turn of events for interior designers.But seeing it in real life is bothersome. The aesthetic is a mess of some kind of machine’s sense of harmony, not a human’s normal use of space. It’s a prompt of ‘balanced timelessness’ with the kind of soft lighting is too cinematic and typical of AI images. But what frightens me is that it doesn’t work. It’s as if Sam Altman produced the image, gave it to the workers and said ‘do it exactly like this’ without anyone pushing back. For one, the lighting doesn’t work for a library. There is modest natural light from the window but at night it won’t be bright enough to read anything in most of that room, particularly those comfy-looking black sofas. Secondly, the books look like props. It doesn’t look like a real library where the shelves are full and people actually read the books and instead looks like they were chosen for their sizes and colors of their bindings.And critically, notice the plants on the top shelves. Now that aesthetic may look good in a photo but in real life, plants need light. There are no plants on earth that can survive in those spots. Moreover, the person who posted the image said they were “mostly cacti but it’s true they did look a lil wilted last night”. So while a cactus might need less climbing up that ladder to water, it would need hours of direct sunlight daily. Even the snake plant on the floor (a notoriously indestructible house plant) probably won’t make it. Why did no one look at those cacti and say ‘Wait, won’t these die?”This is a preview of the world to come. It looks pretty but the information in it is hollow. The image is beautiful, but it won’t sustain the life it was designed for. In short, it’s a big sales job, not something that fixes a real-world problem.The machine will tell us what’s best and we have to live with the consequences. It amazes and scares me that the people at OpenAI are such slaves to these machines that they built it without seeing the obvious flaws. The person who posted this image works in ‘human data’ at OpenAI. These are the people who should be most aware of its pitfalls, like its tendency to be “confidently wrong” or to optimize for appearance over function, yet they replicate those exact pitfalls in the real world. What does it say about their ability to control or guide it?This isn’t what alignment looks like. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight Ethereum’s current price at $3,451.38 signals a critical juncture for traders: the market’s reaction to AI-driven narratives could shape volatility. As AI technology continues to evolve, its impact on trading strategies is becoming more pronounced. Traders should be cautious of overreliance on automated systems, especially in a market as dynamic as crypto. The sentiment around AI could lead to speculative spikes or drops, especially if major news breaks. Watch for Ethereum’s price to hold above $3,400 to maintain bullish momentum, while a drop below could trigger profit-taking or panic selling. Keep an eye on trading volumes; a surge could indicate institutional interest or retail frenzy, both of which can lead to significant price swings. But here’s the flip side: while AI might streamline trading, it also introduces risks. Automated trading can lead to flash crashes if algorithms misinterpret market signals. So, it’s worth considering how much of your strategy should rely on AI versus human intuition. The real story is how traders balance these elements moving forward. 📮 Takeaway Watch Ethereum closely; if it holds above $3,400, bullish momentum could continue, but a drop below may trigger selling pressure.