In Today's Masters in Trading: Live Now that the Nonfarm Payrolls report is out, we have our strongest indication yet of what to expect from the jobs market heading into the end of the year. Yesterday, I mentioned that an unemployment figure around 4.2% would be music to Wall Street’s ears. It’d be their strongest indication yet that the high-flying market we’re seeing now is no mere fluke… and stave off any lingering recession fears. Well, we got the market’s favored figure and then some… Hooray! The U.S. economy is still building strength on strength. But if we look around, even the latest jobs data isn’t doing enough to stop panic on the street. Stock indexes have been faltering all week as investors confront the risk of escalating conflict in the Middle-East and the uncertainty around the current election cycle. The key question we need to ask ourselves… How much risk should we be willing to take on in a market like this? I’m firmly of the belief that the markets have a lot of room left to run… and the volatility we’re seeing is handing us some great opportunities for trades. With heightened volatility here to stay, I’d like to check in on the most affected sectors we track – particularly, oil and gas and commodities – as we head into more economic headwinds through the end of the year Join me this morning for Masters in Trading Live at 11 a.m. ET as I analyze where the markets stand post-NFP report. I’ll cover all these hot topics: -
A Look at the Markets Post-NFP -
Is it Risk On or Risk Off? -
Where Oil Is Moving Right Now -
A Preview of My Live Challenge Class |
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