Damn, another huge nonfarm payrolls number: seasonally adjusted nonfarm employment rose by 165,000 in October, versus expectations of 65,000 and a previous reading of 29,000.
That’s definitely bad news for the markets, but after last night’s leak, there’s not much momentum for a second selloff. Maybe we’ll get a few-hundred-point downward spike just to show respect. It feels like as long as the number is even slightly in line with expectations, we’ll get a big bullish candle.
Next week we’ll also be watching the odds of a December rate hike. This might be all for this week—as long as things hold steady tonight, that’s enough! Let’s see how U.S. stocks perform.
That’s definitely bad news for the markets, but after last night’s leak, there’s not much momentum for a second selloff. Maybe we’ll get a few-hundred-point downward spike just to show respect. It feels like as long as the number is even slightly in line with expectations, we’ll get a big bullish candle.
Next week we’ll also be watching the odds of a December rate hike. This might be all for this week—as long as things hold steady tonight, that’s enough! Let’s see how U.S. stocks perform.
