There goes the neighborhood

Let’s see if it’s real this time...

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OCTOBER 4, 2024       It’s probably going to be a hot day in the markets. I’m writing this right at the open, and the jobs report has just dropped.   Jobs beat expectations by massive margins, coming in at 254,000 over a projected 150,000. That’s a difference of (checks math) 104,000 or about a 70% beat of expectations. And, unemployment is down to 4.1%. You’d expect the markets to be really excited about this news, and, at present, the SPY is surging heading into the open.   This is good news for the economy. It’s a great sign for the U.S. The only question is: is this number real? It went largely ignored, but a few months ago, there was a shocking report that the executive branch had been consistently overreporting jobs numbers to the tune of nearly 1 million extra jobs over several months.   It’s one of the strangest underreported instances of corruption I can remember. Obviously, the positive reports help the Biden Administration. And the Biden Administration is giving the reports. So it’s a bit of an “inmates running the asylum” situation. So it remains to be seen whether the current 254,000 number is real. But in the short term, it won’t matter. Expect the markets to rally into the close Friday. Graham pointed out that it might be a good idea to short the bond market, as it should get hit hard by this news (especially as it might mean less aggressive rate cuts in the future). But overall, it should be a great day in the markets. Have fun out there! To your prosperity, Stephen P.S. One sector you’ll want to pay close attention to in the buildup to the election is energy. Geof Smith has your complete gameplan for the #1 energy trade you should be focused on right now. Click here to learn more!

OCTOBER 4, 2024 It’s probably going to be a hot day in the markets.   I’m writing this right at the open, and the jobs report has just dropped.   Jobs beat expectations by massive margins, coming in at 254,000 over a projected 150,000.   That’s a difference of (checks math) 104,000 or about a 70% beat of expectations.   And, unemployment is down to 4.1%.   You’d expect the markets to be really excited about this news, and, at present, the SPY is surging heading into the open.   This is good news for the economy. It’s a great sign for the U.S.   The only question is: is this number real?   It went largely ignored, but a few months ago, there was a shocking report that the executive branch had been consistently overreporting jobs numbers to the tune of nearly 1 million extra jobs over several months.   It’s one of the strangest underreported instances of corruption I can remember.   Obviously, the positive reports help the Biden Administration. And the Biden Administration is giving the reports. So it’s a bit of an “inmates running the asylum” situation.   So it remains to be seen whether the current 254,000 number is real.   But in the short term, it won’t matter.   Expect the markets to rally into the close Friday.   Graham pointed out that it might be a good idea to short the bond market, as it should get hit hard by this news (especially as it might mean less aggressive rate cuts in the future).   But overall, it should be a great day in the markets.   Have fun out there!   To your prosperity,   Stephen         P.S. One sector you’ll want to pay close attention to in the buildup to the election is energy. Geof Smith has your complete gameplan for the #1 energy trade you should be focused on right now. Click here to learn more!

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub