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Weekly Update: S&P Erases 2 Weeks of Gains Amid Shutdown Uncertainty Hey everyone, Geof here with your weekly market update... The S&P 500 started the week around 6,878 and has since slipped more than 200 points, putting us down about 4% from the late-October highs. In the bigger picture, we’ve basically erased a couple weeks of gains and returned to mid-October levels. The market’s jittery, but not crashing — more like it’s starving for fresh data. With the government still shut down, economic reports have gone dark for weeks, leaving traders without “market food.” The recent Challenger layoff report spooked investors after showing 153,000 job cuts — way above expectations — which has fed worries about a slowing economy. Add in a hawkish Fed hinting at no December rate cut, and it’s no surprise we’re seeing weakness creep in. 📉 Market Recap – Down about 4% from the Halloween highs 📊 Economic Data – Layoffs spike amid government shutdown 🏦 Fed Watch – Hawkish tone keeps traders on edge 💰 Commodities – Gold holding above $4,000, silver near $49, copper battling $5 🎖️ Next Week – Markets open on Veterans Day; major earnings from Disney, Cisco, and more You’ve Been Told to Stay Away from the Opening Hour… But what if I told you that's exactly when to trade when it comes to certain strategies? The opening hour is without a doubt the most volatile period of the trading day. With Wall Street working themselves into a frenzy to "balance their books" after hours of wild overnight activity… ![]() Conventional logic says the opening hour isn't exactly the best time to trade the market unless you're very sure of what you're doing. But it seems my friend Jamie just turned this logic on its head. Because the same reason you've been told to avoid the opening hour is exactly why he wants you to trade it. You see, he's found a way to turn this volatile frenzy into cash opportunities using special trades anyone can take in the first 5 minutes of the trading day. These are very quick trades too... with the power to hand you a payout before noon! He's been doing this openly in his FREE Telegram channel and folks have been getting in on double-digit opportunities daily! ![]() Granted, there were smaller wins and even trades that didn't go as planned… But now, he's taking things to a whole new level. Instead of dishing out daily trade ideas... He now wants to give away the entire blueprint behind these trades to the public for the first time ever! He's asked me to join him LIVE this Sunday at 7 p.m. ET... And everyone who tunes in with us will see exactly how to begin taking these opening bell trades without any help. If you'll be there live, now's the time to quickly save yourself a seat and gear up for Sunday's big release! We develop tools and strategies to the best of our ability, but no one can guarantee the future. In LIVE trading with alerts published in real time from 07/22/2025 to 11/04/2025, the strategy is 52-20, with a 72.6% overall win rate and an average return, winners and losers included, of 10.35%. Geof Smith Geof Smith Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+lm8_Nq3Su104NmFh YouTube: https://www.youtube.com/@FinancialWars Important Note: No one from the ProsperityPub team or Geof Smith Trading will ever contact you directly on Telegram. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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