Why did market jump Friday on strong job numbers? I thought that was bad. The narrative so far has been interest rates will rise unless inflation and jobs go down...now jobs are up...so why'd the market take a strong job number as positive for equities?
Why did market jump Friday on strong job numbers? I thought that was bad.
- Thread starter klattermusen
- Start date
yes i do; what other info was there on friday?
actually i wasn't trading friday; i'm not asking for a trade. Isn't this an educational/discussion site?
I hope you don't use that guesswork trading stocks lol.
so why did the mkt jump in your opinion when strong job numbers were until recently since as a negative for equities.
I did not realize asking questions created such annoyances here.
Bloomberg had a few analysts on during the reversal and they had no idea.
Because the market was oversold, sentiment negative, cycles / seasonality turning positive so the market was ready to move upward. You need to question your assumptions about the relevance of government data, which also is lagging data.