Called it! Back at midyear, we went contrarian on three big calls — no Fed hikes, that 9.1% February/March pullback would be the worst we'd see all year, and the labor market would actually IMPROVE. Guess what? NAILED IT!
The Fed stayed put. That correction WAS the bottom. And now the labor market data keeps proving the doubters wrong. When everyone was screaming recession and mass layoffs, we said the jobs picture would stabilize and strengthen. BOOYAH!
This is why you don't follow the herd. When the tape tells you one thing and the crowd screams another, trust the data and your conviction. The bears got this one totally wrong. Economy's resilient, consumers still spending, companies still hiring. That's the foundation for this market!
If you bet against America and this labor market recovery, you got run over. Stay long the winners riding this strength!
The Fed stayed put. That correction WAS the bottom. And now the labor market data keeps proving the doubters wrong. When everyone was screaming recession and mass layoffs, we said the jobs picture would stabilize and strengthen. BOOYAH!
This is why you don't follow the herd. When the tape tells you one thing and the crowd screams another, trust the data and your conviction. The bears got this one totally wrong. Economy's resilient, consumers still spending, companies still hiring. That's the foundation for this market!
If you bet against America and this labor market recovery, you got run over. Stay long the winners riding this strength!