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How This ETF Is Profiting off of a Shocking NFP Report

by | Sep 3, 2021

It’s the Friday before Labor Day and a three-day holiday weekend on Wall Street. There’s usually a historic amount of extra risk involved when trading over this weekend, so it’s best to avoid it altogether.

Coincidentally, there’s also been a ton of stock market movers in September already that are forming an opportunity for volatility to reenter Wall Street.

Today, the jobs report data for August came out… and it was a huge hit against investors… 

The U.S. economy only created 235,000 jobs in August, versus the 720,000 analysts were expecting.

August’s total is the worst the markets have seen since January 2021, and it comes with rising fears of the effect a resurgence of COVID-19 cases is having on a recovering economy.

On Monday, I said a nonfarm payrolls (NFP) number under 700,000 means the economic boom should be expected to cool off soon. Anything above 800,000 new jobs, and the Federal Reserve’s case to continue supporting the market will start to look flimsy.

This is exactly what the Fed’s been waiting for to keep it from actually revising its easy-money policies. 

Friday’s jobs number was much worse than I or any other trader could have anticipated, and it’s leading me to believe that certain things in the market just aren’t working anymore…

However, this is not the only event that’s already caused shockwaves in the market so far in September…

Major Stock Market Movers Happening in September

I also mentioned in a previous article that crude oil is going to bounce in the mid-$60 range and break back up above $70. It did exactly that this week — oil went up to $70 a share as the inflation trade reignited the energy sector.

And do you know what else that did? It created a mega-move in oil stocks. 

Check out my video below to see what’s in store for these stocks in September.

As you guys know, the cryptocurrency world is now ground zero for the reinflation trade. If the market begins to anticipate inflation and the U.S. dollar begins to weaken, you’ll see it in Bitcoin first!

I also mentioned on Monday that Bitcoin was flirting with $50,000 last week before selling off. That told me that we need to see the price stabilize above the 200-day moving average this week, and then make a convincing move above $50,000 to the $55,000 level shortly after.

We’re back above $50,000 as I write this, and the crypto is loving the disappointing jobs number.

So where does that leave us? 

It leaves us at the perfect spot to start profiting. 

Make sure to watch the video below to learn more about the other major stock market movers in September and how to start profiting off of Bitcoin today. 

As always, send any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.

WRITTEN BY<br>Jeff Zananiri

Jeff Zananiri

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