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Happy Friday, Zingernation! The best way to end the Fourth of July is with an over-the-top fireworks show and that last hot dog that you definitely didn’t need (hey, someone had to eat it). And the best way to end the week on Wall Street is with new all-time highs.

–Aaron Bry & Nic Chahine

Today’s Price Action:

$SPY: +.52%
$QQQ: +1.03%
$DIA: +.16%

Plus, check out the company that’s leveraging AI technology to help curb mental health issues around the world.

TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Fed Needs To Frontload Interest Rate Cuts, Say 4 Economists: 'Labor Market's Cooling Trend Is Quite Clear'

What Happened: Despite the stronger-than-expected increase in non-farm payrolls last month, the Bureau of Labor Statistics’ June Employment Situation report indicated an overall cooling trend in the U.S. labor market.

So: Significant downward revisions of 111,000 fewer payrolls in the previous two reports, an unexpected rise in the unemployment rate, and the anticipated slowdown in wage growth are prompting most economists to believe the Federal Reserve may be more confident about announcing an interest rate cut, with September being the nearest option.

Basically: Investors seem to share this view, with the probability of a September rate cut rising from 72% to 76% after the jobs report’s release, and the expected cuts increasing from 52 to 55 basis points by the end of the year. Here’s why some economists are calling for cuts, and what they would mean for markets.

PRESENTED BY BRAND ENGAGEMENT NETWORK

Brand Engagement And Valio Technology Partner To Curb Mental Illness In South Africa With AI

Aiming to help college students in South Africa with their mental health problems, Brand Engagement Network Inc. (NASDAQ: BNAI) is teaming up with Valio Technologies Pty Ltd., to bring AI assistants to universities across the country. Over 315,000 students will be able to interact with the AI to get access to advice and help with anxiety, depression and addiction.  

If the proof-of-concept with such prestigious colleges including Tshwane University of Technology, the University of Pretoria and the University of Johannesburg, is successful BEN and Valio will work to secure licensing deals with the schools. This partnership gives BEN access to the education and mental health markets as well as entry into Africa. It also showcases how companies can do good with AI. 

BEN is ideally suited for the role. The company is making a name for itself in the AI assistant market thanks to its human-like avatars and cutting edge AI system that is not only responsible but accurate. To learn more about BEN’s AI technology click here. 

ONE TRADE IDEA FOR NEXT WEEK

Crypto Trader Says Bitcoin In 'Unsafe Territory,' Likely To Plunge To $44,000

Briefly: Crypto and stock trader Blockchainedbb predicted a significant drop in Bitcoin's BTC/USD value, suggesting $44,000 as the bottom. He highlighted many cryptocurrencies that depict an exit pattern.

What Happened: Blockchainedbb warned that Bitcoin is in “unsafe territory” and poised for a significant drop. The analyst stated that if Bitcoin closes below the 200 Daily Exponential Moving Average (EMA), it could tumble to $44,000. He further advised against waiting for a bounce after a 200 Daily EMA close.

So: The trader noted that each time Bitcoin has lost its 200 daily EMA, it has suffered a loss ranging from 8% to 50%, with an average loss of 30%. He warned that Bitcoin enters a risky phase whenever it loses the 200 Daily EMA. Here are the other expert takes on where Bitcoin and the crypto market are heading.

PRESENTED BY BRAND ENGAGEMENT NETWORK

Brand Engagement And Valio Technology Partner To Curb Mental Illness In South Africa With AI

Aiming to help college students in South Africa with their mental health problems, Brand Engagement Network Inc. (NASDAQ: BNAI) is teaming up with Valio Technologies Pty Ltd., to bring AI assistants to universities across the country. Over 315,000 students will be able to interact with the AI to get access to advice and help with anxiety, depression and addiction.  

If the proof-of-concept with such prestigious colleges including Tshwane University of Technology, the University of Pretoria and the University of Johannesburg, is successful BEN and Valio will work to secure licensing deals with the schools. This partnership gives BEN access to the education and mental health markets as well as entry into Africa. It also showcases how companies can do good with AI. 

BEN is ideally suited for the role. The company is making a name for itself in the AI assistant market thanks to its human-like avatars and cutting edge AI system that is not only responsible but accurate. To learn more about BEN’s AI technology click here. 

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