This morning gave us a great entry opportunity and we took advantage of it with a bear call spread! The knee-jerk reaction due to the jobs numbers sent the market into selloff mode. Not only did July's job growth come below estimates, May and June numbers were revised lower, resulting in a decrease of 250K jobs during those 2 months. Odds of a September cut are over 90% now. Depending on what the jobs numbers for August look like, we may get another 50 basis point cut like we did last year. President Trump's nickname for Powell (Too Late) may actually hold some water. A 50 basis point cut in September may save further decline but acting "too late" may hurt the economy.



Our morning trade expired at the closing bell for a gain of 3.1%! July is in the books with a total profit of 10.4%, extending our win streak to 4 consecutive months. Today's win also brings our trade win streak to 18 in a row! We look forward to extending these streaks. Have a wonderful weekend!