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Looks like a very good job data, not sure if it'd be faded because a good job data would mean QE tapering...
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Hey guys, thanks Cobra for all the chart work you do. Its entertaining and helps keeps me engaged in investing on a day to day basis.
I do have a question about the job data. Isn't it true that an inordinate amount of the jobs being created are low-wage? Shouldn't that fact be more important than the number of jobs created? Is there anything in the charts that suggests job creation numbers aren't having an impact on the markets as they should since 2008? Or do investors really not care what kind of jobs get created as long as the number improves?
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
DellGriffith wrote:Hey guys, thanks Cobra for all the chart work you do. Its entertaining and helps keeps me engaged in investing on a day to day basis.
I do have a question about the job data. Isn't it true that an inordinate amount of the jobs being created are low-wage? Shouldn't that fact be more important than the number of jobs created? Is there anything in the charts that suggests job creation numbers aren't having an impact on the markets as they should since 2008? Or do investors really not care what kind of jobs get created as long as the number improves?
DellGriffith wrote:Hey guys, thanks Cobra for all the chart work you do. Its entertaining and helps keeps me engaged in investing on a day to day basis.
I do have a question about the job data. Isn't it true that an inordinate amount of the jobs being created are low-wage? Shouldn't that fact be more important than the number of jobs created? Is there anything in the charts that suggests job creation numbers aren't having an impact on the markets as they should since 2008? Or do investors really not care what kind of jobs get created as long as the number improves?
Market does not care whether full or part time jobs,All though wonder when the market figures out there is the point of no return on QE3 that has not helped job market,are we creating another equity bubble again
johnnywa wrote:Market does not care whether full or part time jobs,All though wonder when the market figures out there is the point of no return on QE3 that has not helped job market,are we creating another equity bubble again
I feel lost looking at the premarket surge on this jobs number haha.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
johnnywa wrote:Market does not care whether full or part time jobs,All though wonder when the market figures out there is the point of no return on QE3 that has not helped job market,are we creating another equity bubble again
I feel lost looking at the premarket surge on this jobs number haha.
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