Weekend Wall Street #51- Short Week and Uranium Squeeze

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Happy Sunday everyone and welcome back to Weekend Wall Street. The market rose around 2.5% last week posting the best week since June in the index. August closed off negative, but now we move into the Fall where they dynamics of the market can change after a slow summer.

Let’s take a look at what this week has in store!

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Tuesday’s JOLTS (job openings) survey along with he unemployment report finally showed unemployment increasing. This was great for the market and for the Fed. The uptick in unemployment can be seen as a sign that the economy is slowing down, which may lead the central bank to keep interest rates lower which then makes it easier to borrow for businesses and people, and therefore better for the market which is why we rose so much this week.

An interesting catalyst this week will be in the uranium sector, with Cameco releasing some pretty big news about uranium production cuts. This cut in supply should drive the price higher on many uranium stocks, the main one coming to mind