Yeah but jobs report is basically the only positive report that has come out over the last year or so, and we have midterms in a few months.BaylorSpineGuy said:Ag CPA said:I'll go the opposite direction, if we have a strong jobs report (I hate a good news is bad news market) tomorrow, combined with a long weekend, I think that the S&P could drop 100. We will see…Charismatic Megafauna said:
I'm calling a $7 day tomorrow. In the up direction.There's a very strong seasonal pattern of Aug non-farm payrolls missing estimates… Aug ‘21 came in @ +235K compared to +750K expected. It's missed before revisions in 17 of 21 yrs to the downside. Over the past 7 yrs, the miss has been ~ 100K on avg. A chart👇: h/t @ForexLive
— Cem Karsan 🥐 (@jam_croissant) September 1, 2022
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I've given up predicting what the market will determine to be good or bad. But here's some interesting numbers.