Posted on 06/03/2022 6:42:25 AM PDT by Tell It Right
U.S. stocks slid Friday as investors digested a stronger-than-expected jobs report and rising rates.
The Dow Jones Industrial Average fell 290 points, or 0.8%. The S&P 500 slipped 1.2%. The Nasdaq Composite fell 1.8%.
(Excerpt) Read more at cnbc.com ...
If my math is right, the S&P 500 is down 13.5% from its ATH in January. It's up 8.6% in the 16+ months since Brandon entered the WH through cheat-by-every-way-possible. Of course, that means if you invested in the S&P 500 since day 1 of Chief Depends, your investments haven't even kept up with inflation.
Another thing I like to look at is the Shiller PE Ratio, which is still 24% higher than its 20-year average. That basically suggests stock price is higher than can be intrinsically justified by earnings. Expect more pain, particularly as the Fed takes their foot off the gas some of their "not QE" and low rates.
It’ll be hysterical listening to zhao biden and the rats push for more covid stimulus while touting the job numbers.
And you’re correct- they can boast these job numbers all you want- inflation and shortages are front and center on everyone’s mind right now.
Where do they get “strong jobs report”? The 390,000 is lower than recent months and among the lowest in the past year.
Just curious- to people that really follow this stuff:
Have you noticed that there seems to be different job reports?
One day I hear it was lower than expected, then a few day later this one says “strong”. What am i missing? I even saw a freeper comment on some job number around 190,000 being so bad
The jobs numbers are good because retirees and other people on a fixed income have to work to afford food and gas in Biden’s inflationary economy. Even more people are going back to work to help the family survive Biden’s economic nightmare. We knew Joe was a moron but now he’s a moron with the power to hurt us. Obama is using Joe’s stupidity to get him to push through his radical plans. Obama wasn’t stupid enough to push this through on his watch.
Found it!
It’s not even 10am. WTH?
Bottom line: The war on fossil fuels is making energy expensive and scarce. The result is a real contraction of the economy, less productivity, shortages of everything, inflation and poverty. You don’t need a PhD in economics to understand nor do you need a PhD in sociology to realize that gun violence and crime increases as the economy declines.
The memo has been sent out.... gaslighting has not been strong enough. Its time to kick it into overdrive.
The endless printing of money isnt helping either.
CNBS never disappoints. Just another rat propagandist.
“Have you noticed that there seems to be different job reports?”
There is the private sectors reporting, that lags by about 2 weeks.
https://adpemploymentreport.com/
Detects the change in the number of payroll transactions happening.
There is the Federal Government Jobs Reporting, that lags anywhere between 3 weeks and 12 weeks depending on how they molest seasonal adjustments.
Detects the number of filing for unemployment benifits with state offices that may or may not be hopelessly behind.
Lost me at “strong jobs report.”
My attempt to reply to your question is under the topic “under what conditions is this information useful?” or “how do I make investment decisions based up upcoming numbers”? There ARE diff job reports. One is household, the other is reported payrolls. Best source of these announce dates: Econoday.com. Excellent site.
For a traditional investor, this has to be agonizing right now, as higher rates are promised = unequivocally bad but possibly worse, lower liquidity is being promised. And IMO, the market believes the Fed is ready, willing, and able to go too far. We had a lot of years where the market had lots of good stuff to look forward to, I don’t think there’s a smidgen, you might say, of such nice expectations going on at present. But we have to be careful getting too bearish.
I would say that it is not so much whether a particular number is good or bad, but whether it is good/bad against expectations. And even so, it is AS ALWAYS >NOT< what is happening NOW as the market responds, usually emotionally, your job as an investor is to guess what will happen NEXT. Or better, NEXT-NEXT.
I honestly don’t know if this market has anywhere to go other than oil. Oil is a trade than can get almost limitlessly crowded, eg; it can take months-long pile ins, still I wonder how much farther oil can go. Commodities, yeah, err, maybe, they have come a very long way already.
No kidding. An laugher of an article.
Bidenflation 8-12%
Wages in real dollars are negative and they know it.
The DOL's numbers come from what they call the "household survey". They actually get data from other sources, but the "official" #'s are from the survey. And as we all know, surveys can be constructed to be intentionally biased.
At least the Dims have given up on the phony phrasing from the Obama days. Do you remember them touting the number "... of jobs saved or created"? LOL
You sound like Peter in Acts 2. "We ain't drunk. It's only the 3rd hour!" (roughly translated to 9 AM) LOL
Things are so bad under Biden even John Deere is sending some of it’s production work to Mexico.
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