The markets stand at a critical juncture following Powell's Jackson Hole comments that signaled potential labor market weakness – a key factor that could trigger the September rate cut investors have been anticipating. While the S&P 500 hasn't yet surpassed mid-August highs, technical indicators reveal a concerning negative RSI divergence suggesting momentum isn't keeping pace with price action. This technical warning sign, combined with historically challenging September seasonality, points toward a potentially healthy 4-7% pullback that could create buying opportunities for prepared investors.Looking beneath the surface reveals some encouraging developments. Market breadth has improved significantly over the past two weeks, with the equal-weight S&P 500 showing strength. Meanwhile, interest rates have cooperated by breaking below their uptrend lines – typically a positive catalyst for equities through lower borrowing costs, though rapid rate declines driven by economic weakness would change the narrative entirely.This week delivers a packed economic calendar that could determine market direction. Tuesday's ISM manufacturing data and Thursday's services figures will reveal the health of America's economic engine, while Friday brings the headline non-farm payrolls report. Pay particular attention to revisions after last month's substantial 256,000 downward adjustment to prior reports. The labor market presents a nuanced picture – hiring is slowing but layoffs remain remarkably low, creating a sustainable environment supported by reduced immigration and lower labor force participation. Join us for our Facebook Friday Live at 12:30 to analyze these developments, and register for our September 24th Social Security seminar to protect your retirement amid these evolving market conditions.

Ver todos los episodios