Job market number is optimistic, but really?

PawsAndProfits
09-05

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.

Good morning readers. So the latest job number is optimistic, with more jobs created as compared to market estimates. However, if you do a deep dive, most of the jobs are generated by the private sector, casting a shadow of optimism and hope. As quoted in the first article, this is no hiring boom. 

So will this drum up the pressure for the fed to increase rates on top of accelerating inflation rates? Lets see how this plays out.[Bless]  

@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]  

Markets Rebound Day After Rate Hike — What's Driving the Rally?
Stocks took back Wednesday's Fed day and more: QQQ +1.73% to $716.92, SPY +1.13% to $762.60, the S&P 500 +1.14% to 7,637.76, against Wednesday's 0.45% decline. The lift came from outside the Fed. Weekly jobless claims unexpectedly fell, which says the labor market is not cooling the way the rate path assumes, and oil kept sliding, easing inflation pressure. Yields fell and megacap tech led. The uncertainty everyone waited on is behind the market now. But the dot plot still points to one more hike this year, and only the hike already delivered is in the price. What is the market betting on?
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