well this is interesting....this kind of economic news would have had us down 3% a couple months ago. Now we're down just a percent or less, and the VIX is barely budging at just 20.
I do think we'll fall off as the day goes, but if we end the day at down just 50 or 75 bps that would be very bullish I think...It would suggest the market is convinced inflation is ending and rates can come down. It would suggest that wages can rise without forcing up interest rates.
Too many new jobs and too high pay increases in report that came out this AM causes market tank
The Street likes workers begging for low paying jobs
it's more complicated than that, but sorta.
Look, if you own stocks you are an owner. You own businesses and you are on the side of capital vs labor.
It's more complicated than that, but that's a truth.
The great thing about the stock market is that it lets anyone reap the benefits of owning businesses. Any worker can easily also be an owner and make money that way. It's rather ingenious...meshing capital and labor this way. Intertwining interests rather than keeping them on different sides of the table.
Of course the flip side works too...easy to get a raise these days but that is at the cost of capital and will cost you if you are a shareholder.
Pretty amazing that this hot employment number hasn't affected interest rates much at all.
That is very bullish...says the market believes dis-inflation is a diesel locomotive that will blow through everything. We don't have to be afraid of growth or higher wages anymore.
The Street likes workers begging for low paying jobs
it's more complicated than that, but sorta.
Look, if you own stocks you are an owner. You own businesses and you are on the side of capital vs labor.
It's more complicated than that, but that's a truth.
The great thing about the stock market is that it lets anyone reap the benefits of owning businesses. Any worker can easily also be an owner and make money that way. It's rather ingenious...meshing capital and labor this way. Intertwining interests rather than keeping them on different sides of the table.
Of course the flip side works too...easy to get a raise these days but that is at the cost of capital and will cost you if you are a shareholder.
Look, if you own stocks you are an owner. You own businesses and you are on the side of capital vs labor.
It's more complicated than that, but that's a truth.
The great thing about the stock market is that it lets anyone reap the benefits of owning businesses. Any worker can easily also be an owner and make money that way. It's rather ingenious...meshing capital and labor this way. Intertwining interests rather than keeping them on different sides of the table.
Of course the flip side works too...easy to get a raise these days but that is at the cost of capital and will cost you if you are a shareholder.
good god now interest rates are down on the day, after that strong jobs report.
new era starts today, gents. The market has decided that inflation is over and will be falling no matter how many new jobs or how high people are paid.
The Dow Jones' all-time high is 36,585. Just a bit more than 2-and-a half years ago it was at 18,500. It is currently at 34,300. We are almost double what it was 2 years ago and not too far off from its all-time high. We should be celebrating this.
The Dow Jones' all-time high is 36,585. Just a bit more than 2-and-a half years ago it was at 18,500. It is currently at 34,300. We are almost double what it was 2 years ago and not too far off from its all-time high. We should be celebrating this.
Celebrate that its called bad news that people are getting jobs and pay raises?
The Dow Jones' all-time high is 36,585. Just a bit more than 2-and-a half years ago it was at 18,500. It is currently at 34,300. We are almost double what it was 2 years ago and not too far off from its all-time high. We should be celebrating this.
Celebrate that its called bad news that people are getting jobs and pay raises?
Carmine - the historical performance of Hussmann Strategic was out there along with its huge annual fees. Did you not think that your investment in that load (and I don't mean load as in front or back load) was going to come back to haunt you? It is a one-star fund. It basically sucks. You need to unload it now and buy good index funds.
Earnings Scorecard: For Q3 2022 (with 99% of S&P 500 companies reporting actual results), 70% of S&P 500 companies have reported a positive EPS surprise and 71% of S&P 500 companies have reported a positive revenue surprise.
well this is interesting....this kind of economic news would have had us down 3% a couple months ago. Now we're down just a percent or less, and the VIX is barely budging at just 20.
I do think we'll fall off as the day goes, but if we end the day at down just 50 or 75 bps that would be very bullish I think...It would suggest the market is convinced inflation is ending and rates can come down. It would suggest that wages can rise without forcing up interest rates.
but let's get through the day first, obviously.
So we end the day down very little, like almost flat (just slightly up or down depending on the index) for the day. And this is just when I starting hoping we would revisit the early November lows so that i could buy back shares of a tech ETF I sold rather than going into the red on them. An untimely sale, so it would appear.
If it does drop, I'm buying back those shares, so part of me is wishing for a drop (and so it probably won't happen).
But yeah, it really does feel like the markets have moved past inflation fears, and if anything is a concern, it is the risk of a recession, which seems to be diminishing as well.