Welcome Back,

In Partnership with ZenLedger 🤝 

Market Headlines 👀 

• US payrolls revised down the biggest revision since 2009.

• US weekly jobless claims came in at 232k in line with expectations.

• US Federal chair Powell set to speak tomorrow at the annual Jackson hole symposium, here is what to expect.

• Microsoft (MSFT) announces they will change its reporting structure breaking out cloud, providing an updated guidance for Azure.

• Amazon (AMZN) AWS announces massive infrastructure region in Malaysia.

• S&P 500 (SPX) markets sell off ahead of Powell’s comments tomorrow.

Earnings 💸

• Peloton (PTON)

  • EPS: $-0.08 beats (exp. $-0.16)

  • Revenue: $643.6m beats (exp. $627.39m)

• Cava (CAVA)

  • EPS: $0.17 beats (exp. $0.12)

  • Revenue: $231m beats (exp. $219m)

• Workday (WDAY)

  • EPS: $1.75 beats (exp. $1.65)

  • Revenue: $2.09b beats (exp. $2.07b)

A note from ZenLedger 📣

Avoid Being Part of the $10B+ in Annual FinesIn the past year alone, cryptocurrency firms have been hit with over $10 billion in fines for non-compliance. According to SVB and Alloy, 93% of fintechs faced compliance fines last year, with 79% of those fines exceeding $100k. Enter ZenLedger, the leader in corporate and personal crypto compliance, backed by names like Mark Cuban, Gary Vaynerchuk, & Nic Carter. If your business touches digital assets, prep for the bull run now by checking out ZenLedger and lowering your risk of an audit.

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Markets reaction historically post Jackson hole which is happening tomorrow morning.

Over the past few weeks, the SPY has mounted one of the most impressive V-shaped recoveries in recent memory, gaining over 10% in just 14 sessions. While some are questioning the legitimacy of this rally, bulls are salivating at the thought of a $600 print for the index. Whether or not it's a reasonable target in the near term, it is fitting that the 1.618 Golden Fib extension from the recent swing high to low takes us exactly there.(Contributed by Jason Krutzky of Trendspider )

For TSLA bulls, it's make or break time as the price is now revisiting the late-July high. While the daily trend suggests a pause here, many have their eyes on the open gap and low volume area between $225-245, which could act as a magnet for price under the right conditions. However, with seasonal weakness just around the corner in September, Elon might have to pull a rabbit out of his hat to kickstart the next leg higher.(Contributed by Jason Krutzky of Trendspider )

Where is our post-halving ripper? While history dictates a powerful move higher in Bitcoin post-halving, this year has not followed that trend. Instead, it's been chop-city, and unless you're a savvy trader, you've likely been getting cut to bits. That said, the current price action does look strikingly similar to that of early May, which ultimately resolved higher. Perhaps the same will be true this time around if the bears are unable to regain full control of the ball.(Contributed by Jason Krutzky of Trendspider )

Enjoying these Trendspider charts? Be sure to check out there tools and if its something you want to add to your toolkit, you can use ONE50 for a 50% discount for our readers!

Market Preview 🎞️ 

• Friday, August 23rd: Jackson hole symposium

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.