Another shocking job number

The number barely outpaced the anemic numbers we saw back in January and is the third-worst month in the last calendar year.

The markets reacted poorly to the news, dropping early in the day, though not as sharply as first as many might expect.

This news is a bad sign for the U.S. economy.

It's an indication that the spread of Delta has people scared and has businesses worried about more shutdowns or, at the very least, decreased traffic/income.

It's disappointing to see for a lot of folks who believe the economy is in a recovery mood.

Clearly, it isn't. But that doesn't necessarily mean the stock market is going to be dragged down with it.

The bullish mood has been extremely resilient.

Even when it seems like a bearish turn has started, the bulls take back over pretty quickly.

And in the short term, the bulls may continue to have the wheel, because the jobs news is so bad, it actually means the Fed is less likely to change its policy.

They won't start the easing or the rate increases anytime soon. So the bulls will be happy.

I still think the bears have to take over at some point, but it doesn't have to be today.

Either way, though, we can be prepared.

If you know the trading strategies for bear markets, they're no harder to trade than bull markets.

And if it comes to that, I'll help you navigate through it.

Until then, relax and enjoy the weekend!

Chat soon,

Markay

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