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Never thought I’d see the day that a good jobs report was bad for the market
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People really need to understand that up is down for the next 6 to 18 months. Either you are long enough to get through it, learn how to trade with it, or you are going to get wiped out from it.
Honestly I believe this will be the case for many workers for the next decade hard to find good young talent and boomers are retiring in droves.
Isn’t labor force participation being so low causing the low unemployment? This is what I hear anyways. If true I have 2 questions, how is low unemployment driving inflation and how do I quit my job and still pay my mortgage?
Honestly. Does anyone know what it means? The market reacts to freakin everything it seems.
The work force isn’t the same kind that we had even in 2008. People are always switching jobs anyway, so are new hires just the same people moving to new companies? Are companies offering jobs regularly because they need to keep talent coming in?
Maybe we will start seeing more bankruptcies filed from “new” businesses more than normal and that will bring it down?
Though, considering the cost of living, more people entering the work force makes sense I’d think.
The fuck is going on, really?
I’m gonna go to work now and enjoy a beer after my shift in the morning and forget all about it.
Higher unemployment is one of the Fed’s goals to combat high inflation. Good jobs report is not necessarily good for the stock market because it means interest rates will remain elevated.
Well the market was very stupid Monday and Tuesday for thinking the fed would pivot
Governor’s said all week long ![img](emote|t5_2th52|4259)![img](emote|t5_2th52|4640)
It’s almost as if “the economy” and the quality of the average working person’s life are somehow at odds with one another. Hmm.
Where’s the bottom? Daddy JPow will help you find it
I think work force participation would be a far more telling statistic than unemployment
Can we stop referring to everyone who’s putting money into the market or not selling their positions a bag holders? Some of us are just accumulating and enjoying our 6 figure jobs and not spending 12 hours a day scouring WSB for a quick 20% options play
Lowest unemployment in 50 years and the market goes down, unbelievable ..
After 2020 nothing should shock anybody.
Is that Duct tape on Daley’s putter? Only in America, baby. Only in America.
No shit, how lost we are.
Pretty obvious inflation won’t be moderated at this point. So somehow intervention + inflation is better by fed logic. By the time the direction on that changes, we will be full cycle depression for 1-2 years.
This all feels artificial to me. All the stores I have been in are stocked and full of food. I don’t consistently shop at one store.
OP must be young. Wall Street sentiment often correlates with unemployment. Jobless Americans keep wages down and profits up.
Crazy, but Monday people will remember that it’s a good thing lol
Bro it’s simple , jobs pay like ass. Would you work for 14/hour Doing shit work? Or would you rather be a hooligan and watch the world burn? I know my answer and it’s not working for 14/hour . I make a lot more than that now and if presented with both those choices I would 100% watch the world burn instead.
The sad truth is that for our economy to function properly we need some lvl of poverty. The fear of poverty motivates people to work and be productive. If everyone was rich and had no fear of poverty we would be less productive as an economy.
As for today, a bad job reports could be a sign that inflation is slowing down. Which could mean the fed would stop or slow down the interest rate increases. Which would be good for the markets, at least in their minds.
Lol
Where is that ‘first time’ meme when I need it
Good jobs report means they have confidence they can raise rates which is a good thing.
Raise em! Can’t keep the money printer going bbbrrrr forever without consequences.
Kinda like in 2020/2021 when bad jobs reports were good for the market
Makes perfect sense given the Feds goal.
As an Arkansan, John Daly is the embodiment of Arkansas. He could run for governor and probably win in a landslide. Take this however you want, I’m just relaying facts from a state most of you couldn’t place on a map.
Edit: if you are unaware JD is from Arkansas.
Baby boomers retired in droves. And like a million people became realtors recently, on that bubble ride. Tack that to the mortgage lenders, processors, construction. Soon, we will have an uptick in unemployment. Maybe after Fed gives another kick to the balls.
Have you not lived through the taper tantrum era?
This is not new.
Seen the light. Thx to you regards. Definitely gonna get wrecked in the upcoming economy and too old to try again. So next time, don’t sell the 1DTE SPX option for a $300 loss the day before. HODL it to the next day for a $7000 profit. Work smarter not harder. Have a plan. Trust the Plan. Execute the Plan. Live the Plan. Flipping the coin for CPI day now. 1000 flips will assure the win. Put or Call will reveal itself.
Edit: 10/7 3725 SPX put bought for 2110 on 10/6. Sold 1747 same day. Closed 8500 next day. Trust the process.
Happy Gilmore right there
It wasn’t actually a good report. Un emp rate looks better bc participation and labor pool qty dipped
I’m a combination of both
So you have never seen the market before huh? Good jobs report usually leads to a down market day.
Phillips curve and a lot of panicked people.
This isn’t more people participating, its the same people adding a second job because inflation is graping their savings. Learn how macroeconomics work.
JP is insane.
Been like that for years
I’m laughing my ass off in my Amazon box when first bad jobs reports come and inflation still goes higher. When the most wastrel entity stops spending(which is government) then we see inflation going down.
Mad oracle of Wendy’s has spoken.
We won’t see bad jobs results unless wages start to rise higher than inflation(like in 70’s).
John is a fucking Legend
because that’s what heroes do
![img](emote|t5_2th52|4271)
I guess I’m just naive enough to like the significantly higher savings and CD APY’s that also happen when the fed raises the rates and haven’t been seen in over a decade.
Based meme.