Strong Jobs Report Means The Fed Can’t Back Down On Rate Hikes — Don’s Daily Brief
The unemployment report came out this morning.
A lot of job creation means there are a lot more job openings than there are people to fill them.
Now, you have to read between the lines a bit:
A big reason the unemployment rate is low is the “labor force participation rate” which is very low. That means a lot of people have taken themselves out of the job market.
This low participation rate is a big reason why unemployment has been reporting sub 4% levels, which is basically unprecedented.
But that same strong labor market means that the Fed needs to continue to be aggressive, which is surely going to dash bulls’ hopes of a Fed pivot.
Yesterday we went short the broad market, and that play is working out for us.
► For today’s FREE daily pick, I’m recommending you short DKNG.
If you’d like to get the exact trigger price, target price and stop loss… Subscribe to The Daily Pick right now for just $9/mo: https://prosperitypub.com/dailypick
👉👉 Our total now comes to 29 winners since we started in mid-August! (just 18 losers in that same period, with small losses in each)
Why not join us and get ready for tomorrow’s pick? Subscribe to The Daily Pick right now for just $9/mo!
The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.
