Good morning and Happy Jobs Friday!
Job numbers big miss this morning at 235,000 but wages went up. So is bad news, really bad news? Clearly this will help the Fed keep the money printers printing.Prior to the job numbers markets remained in very tight range and managed to take out the highs yesterday. J Powell defended the transitory inflation agreement but transitory inflation is starting to affect company earnings in the form of higher input costs. Inflation is starting to get stickier since wages have been rising over the past several months. There clearly is slower growth ahead but will the market continue to ignore this? We will wait and see where the market closes today.
Enjoy your weekend!
Founder | SimpleOptionStrategies.com
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