Stock Market Update: Rally Keep Going with Jobs Number?



Stocks have rallied hard over the last five trading sessions, but can the rally continue going into Friday’s Job’s number?

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*Disclaimer: Ryan Mallory is not a financial adviser and this video is for entertainment purposes only. Consult your financial adviser before making any decisions.*

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3 thoughts on “Stock Market Update: Rally Keep Going with Jobs Number?”

  1. I think the Russell (right shoulder) and VIX (support line) are and will be stating the truth. The large caps have again been the beneficiaries of all the liquidity in the last week. Fund managers get paid to put their client's money to work. They need to always create a reason/bias that everything will be ok. The Jolts number has provide stock bulls with hope that we get a softer headline number today on Payrolls, which is probably why futures are up this morning. It's all set for the rug to be pulled on longs. – or has the number been leaked and we are off to the moon?!?!?!?! numbers out….unemployment rate goes up because more people are now looking for jobs. Why are more people looking for jobs? ….because they are maxed out on their credit cards and need to pay now for what they have spent already. It does not bode well for the near future, but path of least resistance for stocks is up. – Europe not on board with rally…10 yr ticking back higher in yield. how long will rally extend for? The only thing to really take out of this report for the Fed is that greater participation in the Jobs market means less tight conditions and reduced wages. Its a strong report. The consumer is not slowing down in their spending, demand remains strong. this report provides no comfort on the inflation front other than the future wages angle…..look at the yield on the 10yr now!!!!! 9:41 EST

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