06-09-2024, 08:37 PM
(06-09-2024, 08:00 PM)sgbuffett Wrote: Critical jobs data.
If the report is bad ....Nasdaq and Dow will PLUNGE.
If good it will rise but nit that much.
Given how optimistic US stock investors are my view is this hs the potential to go badly.
The track record of FED not pushing economy into recession after a rate hike cycle is pretty bad. ...most of the time due to lagging effects lf rate changes, the Fed tends to over tighten and push the economy into recession.
830pm ....the US indices will move down sharply.
Employment data based on 3rd party data and company projections ...many companies like Intel are retrenching heavily.
Unemployment data will turn bad very rapidly.
Note that I have already shorted S&P500 and Nasdaq several weeks ago.
Sgbuffett your track record of getting Dow plunge wrong has also been very consistent. Understand clearly yr prediction is for 830pm sharp only. Any movement after that u did not predict.