SpaceX Surges 16%, Gold Rips 2.5%, Bitcoin ETFs Add $750M | Saturday Market Recap
The economy lost 23,000 jobs in July — and stocks closed at record highs anyway. Gold ripped to a seven-week high. Space Exploration Technologies surged 16%. Here's what's actually driving it, and the one data point Wednesday that could reverse the whole thing.
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IN THIS RECAP:
▸ Payrolls -23,000 vs. +80,000 expected | May & June revised down 103,000 combined
▸ Unemployment 4.1% | Participation 61.4%
▸ September hike odds slid to ~44% from ~57% on LSEG-tracked rate futures
▸ S&P 500 record ~7,758 (+0.6%) | Nasdaq record (+1.3%) | Dow +152
▸ Best week since April | Russell 2000 +1.1%
▸ Semis led: biggest chip fund +2% Friday, ~+8% on the week | Nvidia +2%
▸ Space Exploration Technologies +16% on Argus upgrade to Buy | Rocket Lab +9% | Intuitive Machines +9%
▸ Gold +2.5% to ~$4,340 — seven-week high, best week since January | Silver ~$64 (+4%)
▸ Gold miners fund +7%
▸ Bitcoin ~$65,000 | Ether ~$1,920 | US spot BTC ETFs +$100M Friday, $750M+ for the week
▸ Wednesday's CPI expected near 3.4% headline — a hot print revives the September hike
New markets and crypto recap every morning. Follow the channel and never trade the open blind.
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⚠️ DISCLAIMER: I'm not a licensed financial advisor. Educational purposes only — not financial or investment advice. Markets and crypto are volatile. Never invest more than you can afford to lose. Do your own research.
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