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Tech Industry Job Cuts Surge in August: A 193% Increase from July
The number of job cuts in the U.S. surged dramatically in August 2024, highlighting a notable shift in the employment landscape, particularly in the tech sector. According to recent data, August witnessed the highest single-month level of layoffs since March, marking a 193% jump from those announced in July. August Marks Highest Layoff Levels Since […]Read More
SQQQ Rebounds from $8.18 Support Level
SQQQ has formed a bullish rebound off the $8.18 support level last week, and is starting to spike back up again today. The sentiment has also tipped in favor of a 50 bps cut, which is a bearish sign that the Fed is likely too late with cutting rates. September has been extremely volatile so […]Read More
Investors Eyeing October 18 OPEX
A selloff into October OPEX refers to a period of significant selling pressure in financial markets that occurs leading up to October Options Expiration (OPEX). OPEX is the day when options contracts—both calls and puts—expire, typically on the third Friday of the month. October OPEX can matter more than in other months due to several […]Read More