Morons bid up futures after the jobs report came in hotter than expected at +260k. Meanwhile copper is up 6%, WTI +5%, and TEAM and TWLO are down 30%.
Are you retarded?
The whole point of not buying stocks is the Fed is angry about the economy not breaking and worried about high commodity prices, because that is what’s causing the inflation that is making them hike.
Since the open we traded in an i formation straight down and I used that weakness to close out my shorts for a +62bps session.
I of course believe markets should trade lower, but we might rally a bit first. Nothing is pre determined other than the fact the Fed isn’t going to pivot and you’re not getting a break this time.
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What a Miracle Man Joe Biden is! They can’t stop
the Bidden Boom no matter how much the try!
Zerohedge and Fly must be shitting their pants.
261,000 new jobs created. Lower budget deficits.
Grandma collecting 5% on her CD’s as inflation
slows. Wages up at annual rate of 4.4%.
I told you guys to BUY BUY BUY!
I admire your optimism.
I don’t think the bottom is already in. However, my name isn’t Nostradamus.
November 9, 2022.
A day that will live in infamy.
November 3, 2020. A GREAT day when we
elected Economic Genius Joe Biden.
Do you really think that a vote for any politician or party is any real impact to your own economic status ?
I sure as hell do! A vote for ANY Republican
is a license for them to screw the average guy
and the little guy and give handouts to the rich.
Look at what happened when Reagan and Bush
were installed by the Corporatists!
Joe Average got FUCKED.
Don’t encourage him.
Best comment.. Only president that economically impacted my life was Trump when he removed the Fed write off for a home mortgage. Most rich folks I know paid off their homes because of that. So that did affect me. Only time I can think of when somebody actually affected me in an economic situation. After that.. no. And Biden? You think inflation is a one man job? It’s not. Maybe we can just follow suit of that dictator that made inflation illegal. Problem solved.
Remember when Biden flew up to Alberta to view the oil sands complex from the air? In retrospect he travelled without good faith as he then worked against the Canadian oil patch including denying the Keystone permit as VP and again as Pres. This cost me money.
Oh! The timing!
Where are all these jobs?
Where are all the people?
Seems like most places I visit are severely understaffed still. Every airport jammed, prices high and planes full. Much less service and not enough folks. That’s just one segment.
So for all these jobs they are making up, I sure as fook don’t see it
Those are UNFILLED jobs. We don’t have
people to fill them, because everybody who
wants a job can get a job or has a job.
And we should let immigrants in, because
they work hard and will do jobs like heavy
labor and cleaning – jobs which spoiled
Americans don’t want to do.
Fly, circa 20 hours ago, correctly observed: “$32 trillion or 124% of GDP..”
Are you sure they want to crush inflation?
“several brands have ‘paused’ advertising campaigns with Twitter – including food giant General Mills, Oreo maker Mondelez, pandemic profiteers Pfizer and Volkswagen’s Audi.”
Smart of them. They’re rightfully scared of the ADL mafia. Me, I’ll boycott those brands.