Gary, wondering if you can comment about the jobs report in a few sentences. This is where I always get lost. Every 1st Friday of the month I can almost guarantee that the direction the market takes is 180 degrees opposite of what I expected. So more jobs than expected. Which should portend a good size rate hike. Which should not be favorable to stocks. Yet….!
Gary September 2, 2022
Mike, I don’t micromanage any given data release. It’s another ‘services’ extravaganza and I don’t really care what the market’s in-day reaction is. IMO it is not healthy to get too wrapped up in that noise. I did do a post on the BLS report, as usual, however… /2022/09/02/august-payrolls-315000/
Gary, wondering if you can comment about the jobs report in a few sentences. This is where I always get lost. Every 1st Friday of the month I can almost guarantee that the direction the market takes is 180 degrees opposite of what I expected. So more jobs than expected. Which should portend a good size rate hike. Which should not be favorable to stocks. Yet….!
Mike, I don’t micromanage any given data release. It’s another ‘services’ extravaganza and I don’t really care what the market’s in-day reaction is. IMO it is not healthy to get too wrapped up in that noise. I did do a post on the BLS report, as usual, however… /2022/09/02/august-payrolls-315000/