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Open original source ↗The job numbers were so bad today that it looks bearish but it's bullish bc there is no way the fed can hike with numbers like that. Which is bullish! Which is why the SPX is about to make another all time high since the fed rate path has changed.
The market will always find a way to have a bullish spin
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unemployment high = bullish bc fed will step in unemployment low = bullish bc economy is robust and strong Delay rate cuts = bullish bc in the future there will be rate cuts thus the market can price in future cuts rate cuts = bullish bc rate cuts are bullish war = bullish bc we have to produce and spend more ending war = also bullish
Pentosh1 ↗