NFP data bullish for the market - 275K jobs added showing a sound economy, but overall hourly earnings growth down from 0.5% to 0.1% that adds less inflation pressure. This is what the Fed wants to see - a sound economy with the inflation contained............................
This is why USD index down upon the data..............................
As the market getting close to SPX 5200 I'd be nimble and take profit frequently ..............................
I see intra-day dips are likely bought throughout the day ............................
Edited by redfoliage2, 08 March 2024 - 10:54 AM.