Why are we surprised. Dow down, oil spiking like it is the seventies, and the hardware guys are bleeding out on earnings. My watch is ten minutes fast. The market is just shaking out the tourists before the jobs data comes out later this week. If the labor numbers stay strong, the interest rate narrative is gonna grind the equity markets into a pulp. Everyone is praying for a cooling period so we can get some relief, but hope is not a strategy. Watch the institutional hedging spikes, they are terrified.
@stockwatchdaily
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2August 7, 2026 4.9K
