$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ That labor report came in about as good as anyone could realistically hope for. Feels pretty close to a Goldilocks setup. The negative nonfarm payrolls number grabbed the headlines, but the part that matters more for the Fed is average hourly earnings — the real inflation driver. Month over month came in at 0.1% versus the 0.3% expected, and year over year at 3.2% versus the 3.5% expected. If this trend holds, a rate hike next month should be off the table, and possibly for the rest of the year.
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