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🔼 The S&P 500 closed at a record high, adding another +3.6% for the week. The S&P 500 added +$2.5 trillion in market capitalization over the week.
💥 Iran attacked another vessel in the US-backed southern corridor of the Strait of Hormuz. It was a tanker attempting to pass under US escort.
📉 The chances of a rate hike in September fell to 40% after the US economy unexpectedly showed the third-largest monthly job decline since the 2020 pandemic.
‼️ However, the CPI on 12.08 still remains. The Fed's decision in September will depend on the inflation data. I will analyze this in more detail today in New Video.