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Joel Elconin – Everything Down Today! It’s Not Rotation, It’s Frustration

Cory
August 2, 2024

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of PreMarket Prep joins me to discuss the breakdown in almost everything market related to end the week. Weak jobs data today added fire to the now 3 week downtrend in the major averages. 


Joel delves into the Fed’s inflation control measures, AI investment uncertainty, global recession fears, and geopolitical tensions. Despite Apple’s positive earnings report, Joel stresses a cautious outlook, noting only utilities and specific sectors as minor bright spots in the turbulent market.

 

 

Click here to visit Joel’s PreMarket Prep website.

 

Discussion
1 Comment
    Aug 02, 2024 02:30 PM

    The Magnificent Seven today lost $347 billion. Those numbers are staggering! Only one stock was up which was Apple UP by 0.69%. DT