August NFP Behind Her, Goldilocks Looks To Upcoming Inflation Data

August payrolls surged, driven by Leisure/Hospitality, Government, and Education/Health, with Manufacturing also positive—possibly linked to defense production. The current yield curve flattening could create a short Goldilocks phase, favoring big Tech and Semiconductors if inflation data is 'just right.' Inflation trades, including silver and some commodities, may struggle in this environment; strategic minerals could behave differently. I'm maintaining precious metals positions but not adding until macro clarity; focus remains on Tech, Semiconductors, and Software pending mid-term election outcomes. We will manage in this mode to and through the mid-term elections, which has been our 2026 time target for a bullish market. August Payrolls Booms (sort of) Hazel is back, as August payrolls knocked it out of the park on the back of non-productive Leisure/Hospitality services , Government and Education/Health services . She's got employment. However, Manufacturing was also Effectively managing markets with a balanced view through all cycles, NFTRH utilizes an unbiased approach based on the indications of our technical and ‘top-down’ macro fundamental analysis. We get the macro right, giving investors much better potential with their individual sector/stock selections, speculation and risk management.