15 replies to this topic

[relax]

We created many jobs = yields go up/no rate cut = bearish

We created the expected number of jobs = Goldilocks = bullish

We created very little or lost jobs + GDP growth of 0.6 = recession = bearish

the worst tomorrow would be sub 100.000 again

as expected or better than should be good enough

I'm just surprised how today's GDP hasn't produced any rate cut talks

seems like it's completely off the table

nonetheless report tomorrow is always talked about as a big event, but never really seems to seriously affect the charts

We already had a gap down this week. One is enough.

Report analysis:

We created many jobs = economy is strong = bullish

We created the expected number of jobs = Goldilocks = bullish

We created very little or lost jobs = less inflation = bullish

So the first reaction is a spike up. GUARANTEED!!!

Denleo

I agree with your forecast for the gap.... and your reasons are very creative.

[thespookyone]

Rate cuts have been off the table for a long time-unless cnbc is used as a guideline. I'll be adding to the small short position I took today on any gap ups,arms not that fresh, PC not in support of any large moves up here=and doji's or spinning tops on almost every index. Spooky

[relax]

sure but now they even seem to be off the table for cnbc

Rate cuts have been off the table for a long time-unless cnbc is used as a guideline. I'll be adding to the small short position I took today on any gap ups,arms not that fresh, PC not in support of any large moves up here=and doji's or spinning tops on almost every index.

Spooky

[no_mind]

I'm just surprised how today's GDP hasn't produced any rate cut talks
seems like it's completely off the table

The bond market did not like the NAPM report today

" The National Association of Purchasing Management-Chicago's business barometer rose to 61.7 in May, higher than economists forecast, from 52.9 the prior month. Readings greater than 50 signal expansion."

[jjc]

I'm just surprised how today's GDP hasn't produced any rate cut talks
seems like it's completely off the table

The bond market did not like the NAPM report today

" The National Association of Purchasing Management-Chicago's business barometer rose to 61.7 in May, higher than economists forecast, from 52.9 the prior month. Readings greater than 50 signal expansion."

Be careful about reading too much into the NAPM response: There is a subscription service for NAPM Chicago. The data is release early to those who subscribe to the pricey service and surely the big
bond players already understood the game before the news was released.

[jjc]

We already had a gap down this week. One is enough.

Report analysis:

We created many jobs = economy is strong = bullish

We created the expected number of jobs = Goldilocks = bullish

We created very little or lost jobs = less inflation = bullish

So the first reaction is a spike up. GUARANTEED!!!

Denleo

I agree with your forecast for the gap.... and your reasons are very creative.

I take that back. Things don't smell right. I'll take the morning off. Good Luck.