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/biz/ - Business & Finance

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18081830 No.18081830 [Reply] [Original]

I'm new to this so this is probably an obvious answer to a dumb question.

But why is everyone talking about job report / unemployment numbers?

What does it have to do with stocks?

ELI5?

>> No.18081859
File: 33 KB, 438x438, Sqqq.jpg [View same] [iqdb] [saucenao] [google]
18081859

High unemployment = shit economy
Big sell off.
Get into SQQQ while you can.

>> No.18081875

>>18081830
stop posting guys brah

>> No.18081879

>>18081875
Thats ASMR glow

>> No.18081886

>>18081830
stop posting your gf simulator videos

>> No.18081924

>>18081859
Is SQQQ some sort of /biz/ meme? Or is it legit?

What is it exactly?

>> No.18082017

>>18081924
Triple inverse against NASDAQ. It shorts NASDAQ, meaning value goes up when NASDAQ goes down. It's triple, so for every -% it goes -3(-%). I don't know why people opt for SQQQ as NASDAQ has consistently outperformed S&P and DJI. Either way considering the action at EoD I suspect tomorrow is going to be interesting.

>> No.18082200

>>18082017

So basically if one buys SQQQ, and tomorrow everything goes to shit due to the job reports, NASDAQ go up SQQQ go up?

>> No.18082226

>>18082200
No you brainlet. NASDAQ goes up, SQQQ goes down by 3% for each 1% and vice versa.

>> No.18082257

>>18082200
Are you retarded? He couldn't have made it more clear

>> No.18082258

>>18082226
I mistyped my bad.

Why would NASDAQ go up if economy is shit?

>> No.18082804

>>18082258
Economy takes a shit == SQQQ goes up

>> No.18082846

ECONOMY TAKES A DUMP -> NASDAQ GOES DOWN -> SQQQ GOES UP

The argument would be to buy SQQQ right now, assume we'll see large unemployment numbers tomorrow, and as a result sell off will occurs, hurting the NASDAQ and increasing SQQQ.

>> No.18082874

I'll try to keep it simple.

When it comes to monetary and fiscal policy you can choose to either grow the money supply or shrink the money supply. If you grow the money supply it tends to increase inflation but reduce unemployment. If you shrink the money supply it tends to reduce inflation but increase unemployment.

Right now the government is doing everything it can to grow the money supply using both fiscal and monetary policy during a disaster yet unemployment is still spiking. We haven't had something like this happen since stagflation under Carter during the oil embargo.

>> No.18082916
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18082916

>>18081830
>>18081859
>>18081875
>>18081879
>>18081886
>>18081924
>>18082017
>>18082200
>>18082226
>>18082257
>>18082258
>>18082804
>>18082846
>>18082874
what time are they released tomorrow?

>> No.18083046

Thanks for the info guys but it looks like I won't be doing anything soon.

I have robinhood application under review for ages now.

TDA says they cant verify me and I will have to physically mail in my application.

Thanks anyways

>> No.18083099

>>18082916
8 or 830 by what the internet tells me.

>> No.18083328

>>18081830
Dry ass lips. Because 2 out of 10 Americans are now unemployed

>> No.18083395

>>18083328
fuck cant unsee

>> No.18083443
File: 28 KB, 386x375, 213131323.jpg [View same] [iqdb] [saucenao] [google]
18083443

>>18083328
Sucking too much cock causes this.

>> No.18083886
File: 193 KB, 1545x869, coomer.png [View same] [iqdb] [saucenao] [google]
18083886

>>18081830
Im cooooomin

>> No.18084683

>>18083099
am or pm? what timezone?

>> No.18085020

BRO you are stressing me the fuck out

>> No.18085076

>>18081830
Because unemployment means a shitty economy which means line go down,

Last time we had line go down bigly with unemployment was 1929, and that the depression @ 20% unemployment

30% unemployment currently projected with potential for it to become a protracted state for society.

People modelling current market on past events are getting scared, fren.

>> No.18085982

>>18083328
I heard it was 1 in 5. Get your facts right