10 things before the opening bell

Welcome to 10 Things Before the Opening Bell.

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1. US stock futures are treading water ahead of today's jobs report. Investors are ready for a surprise in July's numbers. Here's what's happening in the markets with just hours to go.

2. Goldman Sachs is now the most bullish firm on Wall Street: The company increased its price target for the S&P 500 and now sees 7% upside into year-end. Dig into the bank's full argument for continued stock-market gains.

3. The Delta variant is threatening the economic recovery. History shows that we should expect a 20% drawback in the market during the first two years of an economic expansion, says top strategist. Here's how to profit no matter what happens in the market (even a crash), according to two market experts.

4. Earnings on deck: Nippon Telegraph and Telephone, Allianz, and Kakao, all reporting.

5. JPMorgan starts a new bitcoin fund for clients. The bank's new offering is designed for private wealth management clients, according to a new report. The move signals another step toward broader crypto acceptance - despite JPMorgan CEO Jamie Dimon's prior warnings against betting on digital currency assets.

6. Robinhood shareholders are cashing in after the company's IPO. The holders plan to sell 98 million shares, according to a Thursday filing. Shares sold off on the news after running up as much as 126% over two days.

7. Remember AMC? It's being shorted again. Another hedge fund is plotting a short bet against AMC as its stock price falls below $30. The meme-stock favorite has lost momentum in recent weeks - and Odey Asset Management, which manages over $4 billion in assets, has set its sights.

8. Senators are proposing amendments to the infrastructure bill to keep some of the crypto market out of its reach. The proposal aims to exclude parts of the crypto industry from a tax reporting rule. Three senators have backed it, but President Biden has not warmed up to the amendment.

9. Meet the outperforming fund manager who uses an asset-agnostic approach. Dave King has outperformed 99% of his peers in the last decade over at Flexible Capital Income Fund. While he has "big boring equities" in his portfolio, he also has many unique investments spanning asset classes.

10. A crypto influencer and analyst predicts bitcoin will hit $120,000 soon - but he also thinks it'll spiral down afterwards. The analyst, who's amassed a following of crypto-enthusiasts and investors, mapped out the path he sees ahead. See how he uses qualitative and quantitative indicators to track the price of bitcoin.

Compiled by Phil Rosen. Feedback? Email prosen@insider.com or tweet @philrosenn.

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