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 | It's been an interesting time in the stock market to officially kick-start the first full week of October trading. And it ended with a tremendously disappointing September 2021 jobs report.
This was the second month in a row in which the U.S. added less jobs than analysts expected. There were only 194,000 jobs added in September — compared to the 500,000 we anticipated. That is a significant miss and a huge red flag that COVID-19 is still a major roadblock that's disrupting the economy.
People were expecting the economy to roar back last month, so investors are going to read this as the Fed not having to raise interest rates or taper the economy as soon as planned.
So that's the bright side to the jobs report —the Fed's keeping rates low because commodities love free money.
Especially these stocks. | | |
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Jeff Z | Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market. | | |
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