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- 📈 PET Stocks Are DOWN
Good Morning!
Buckle up because we're diving deep into the wild world of options trading – spoiler alert: it's not all rainbows and unicorns, but the rewards can be sweet! Speaking of wild rides, have you heard about Chewy (CHWY)? The online pet retailer had a "ruff" time in the second quarter, with shares dropping 12%.
And don't you dare touch that remote because we've also got the Top 5 things you absolutely must keep an eye on in the markets for the week ahead.
Grab your venti caramel macchiato with extra whipped cream and a sprinkle of pumpkin spice, and let's get into it! ☕️🌟👇️
Markets
US summer lull yields a 'soft-landing' for Fed (5 minute read)
Ever since the last Federal Reserve meeting, the data has been giving us the vibe that the U.S. economy is cooling down. And guess what? This is making a solid argument against cranking up those interest rates, even though those central bank bigwigs are still holding onto their anti-inflation clutch bags.
Now, after their meeting in late July, the job reports started rolling in, and it turns out that job growth is doing a little shimmy from its pandemic-fueled sprint to something at a more sustainable pace we remember from the pre-COVID days.
Investing
How Much Can You Make Trading Options? (15 minute read)
Understand the potential profit and losses of trading options with this comprehensive guide! Learn how you can make money and take control of your financial future.
Chewy Stock Drops 12% as Pet Lovers Spent Less on Furry Friends (2 minute read)
The online pet retailer Chewy (CHWY) had a bit of a ruff time in the second quarter, struggling to fetch new buyers. The stock took quite a tumble on Thursday as the company revealed a slowdown in user growth for Q2. Their online petcare company saw a drop of 12% in shares as active users for June dwindled to 20.39 million, just a hair below the 20.49 million from the same time last year.
Top 5 things to watch in markets in the week ahead (5 minute read)
After Friday's jobs report pretty much locked in our bets that the Federal Reserve won't be stirring the interest rate pot later this month, it looks like we're in for a somewhat quieter economic calendar this week thanks to the upcoming holiday break.
Over in China, it seems like we're about to get another helping of worry stew about the world's second-biggest economy. And down under in Australia, the Reserve Bank is probably going to kick back and relax for a third meeting in a row. Oh, and don't forget about oil! It seems like concerns about supplies are going to keep those oil prices from taking a tumble anytime soon.
Money
These Are the 3 Best Money Moves for September 2023 (4 minute read)
Let's be real, folks! The home stretch of 2023 is shaping up to be a financial rollercoaster for many of us. But hey, fear not! We've got your back, and we're here to guide you through the turbulence. So, grab your financial seatbelt and get ready for your to-do list:
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