We switch attention from Trump tweets to Elon Musk doobie hits. If you follow me on Twitter, you’ll occasionally see me rant about moral fiber. I’m not one to judge, but it completely throws me through a loop why Elon Musk thought his actions on Joe Rogan’s podcast were in good form. Especially now! Oh well! Back at the ranch, markets will be contending with what seems like two more rate hikes. Today’s macroeconomic data certainly seems to lend a hand towards moving in that direction. Robust job numbers were the theme of the day. Now one would be quick to think that the hikes will pressure the yield curve and then scream RECESSION. I’m not yet convinced of such behavior. I suggest checking the market. Join me for a quick explanation.

Be sure to follow me on Twitter @ Al Abaroa.

about the author:

Al Abaroa

Al Abaroa began his career on an equity desk in 1993. He carries with him over two decades of experience as a Financial Advisor, and currently serves as Wealth Management Coach at Prosper Trading Academy.

Read Similar Articles

August 9, 2026

The Week Ahead: NEGATIVE MICHAEL JORDAN?

Stocks posted a second straight week of gain and the S&P 500 closed above 7,700 for the first time ever earlier this week. The Nasdaq gained over 5% thanks to a bounce-back in chip stocks as the iShares Semiconductor ETF (SOXX) rallied more than 7% this week. The Dow, also had a nice run as all three indexes […]

Read Article
https://www.prospertrading.com/bezos-is-selling-amazon-stock-should-you-care/Bezos Is Selling Amazon Stock. Should You Care?
August 5, 2026

Bezos Is Selling Amazon Stock. Should You Care?

Jeff Bezos just sold 15 million shares of Amazon (AMZN) and the headlines are everywhere. Scott Bauer joined Business First AM to cut through the noise and give his honest take on whether this move should change anything for investors.

Read Article
https://www.prospertrading.com/bauer-amd-schwab-080526/How Scott Bauer Is Playing the AMD Hit
August 5, 2026

How Scott Bauer Is Playing the AMD Hit

AMD is under pressure today and Scott Bauer sees an opportunity in the selloff. He joined Schwab Network to walk through the trade he is putting on and share why he is feeling cautious about the broader market right here.

Read Article

Read Similar Articles

July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article
June 28, 2026

The Week Ahead: Darn Inflation

A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]

Read Article