America lost 23,000 jobs in July â” and the S&P 500 closed at a record high anyway. In today’s Generational Wealth Community morning recap, we decode why bad labor data became bullish fuel, why software names exploded, why gold ripped to a seven-week high, and why a weekend headline out of the Persian Gulf could move oil the moment futures open Monday. At Friday’s completed close, the S&P 500 finished at a record 7,757, up roughly 0.6%. The Nasdaq Composite added 1.3% to 26,690 and the Dow gained about a quarter percent. The catalyst: the July jobs report showed a loss of 23,000 jobs against expectations for a gain near 80,000, while unemployment ticked down to 4.1%. Investors read that as taking a September rate hike off the table. The 10-year Treasury yield eased to about 4.66% and vol
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