We didn’t have a Monday look ahead this week because I was at our inaugural Burn vs. Blitz event on Monday, but we still need to review the week because… it was a wild one.
The good news for the market was the change in nonfarm payrolls, with the most interesting part being an unemployment rate that was higher than expected. And even more important, average hourly earnings came in under expectations month over month.
Wage inflation is something the Federal Reserve looks at closely, and it looks like it’s starting to come down a little bit. And that means the central bank could back off being so hawkish.
And that brings us to where we are for September, a month where I see us going a lot higher…
Check out my video up top and let’s discuss what could be coming next.
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
P.S. The Powerful ‘Numerical’ Sequence Hidden Behind Every Stock
Part supercomputer and entirely algorithmic…
We’re not talking about the next self-driving car, but rather the remarkable trading breakthrough known as the “S3 Advantage.”
After two years in development, this brainchild of myself and Jack Carter is finally ready to be released to the public!
It has to do with a powerful “numerical” sequence hidden behind every stock…
So Jack and I joined forces to go live for the big reveal.
