Non-Farm Payrolls Tomorrow: The Big Daddy
|Workers Installing A Tesla Solar Room|
Weekly Jobless Claims Give Us An Inverse Clue
July's jobless claims have averaged a touch lower than June's. As an inverse measure that would imply non-farm payrolls have the ability to be a touch higher than June. If so that can help markets hit more new highs.
Elazar, Strong Jobs, Weak Jobs, Who Cares, Really.
Please, look at this chart then ask me.
|Chart By Interactive Brokers With Elazar Advisors Scribbles And Markings|
All the way on the right side of the above chart you can see the stock market (S&P 500 ETF SPY) patiently waits for tomorrow's number what to do next (SPY, "hmmm.")
Tomorrow's jobs report matters.
Elazar, Come On Write More, This Report Is Way Way Way Too Short
Do you need more? Jobless claims would hint to a decent jobs number tomorrow yet the Street expects a lower number than last month. The Street expects 180,000 versus last month's 222,000. If non-farm payrolls meet or beat the Street the market has every excuse to keep rising.
Reading Comprehension Time
A) Are the only thing you need to really know to make 100% return a year in the stock market.
B) Only matter if you have a PHD and work for an ivy league school.
C) Are too boring to read and should be quickly sent to "trash."
D) Usually are a lot of noise but the non-farm payrolls reports do matter to markets and should be watched.
Only correct answers will be accepted in comments. Sorry.
By: Chaim Siegel, Elazar Advisors, LLC, Happy and profitable trading!
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