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/biz/ - Business & Finance

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50753580 No.50753580 [Reply] [Original]

Why is the stock market selling off on strong jobs data? This means recessions fears are over, right?

>> No.50753614

>>50753580
Probably to fuck over people that trade based off of news i.e. high leverage longers that longed just when they say the numbers.
Jews gonna jew

>> No.50753670

>>50753580
It's buy the rumor, sell the news. Not the other way around

>> No.50753699

>>50753580
>strong jobs data
Real wages are collapsing.

>> No.50753721

>>50753580
>recessions
Who gives a shit? Strong jobs data is inflationary, inflation means the Fed will tighten, that means you need to sell. That's all that matters anymore

>> No.50753726

>>50753580
Funny joke, anon

>> No.50753737

>>50753699
Doesn't matter
Government benchmarks don't give a shit about that. The job numbers released were in fact "bullish"

>> No.50753773

>>50753580
>strong jobs data
is there a single company not doing layoffs?

>> No.50753791

>>50753580
>recession is over

We're just getting started.

>> No.50753823

>>50753580
It's selling off because the bond market is predicting the Fed will raise rates higher than previously expected thereby increasing the chance of a depression. A recession right now is bullish because it means the Fed will cut rates sooner rather than later. Avoiding a recession is the least bullish outcome because it means the Fed will keep raising rates until we enter Great Depression Part 2

>> No.50753916

You need unemployment to get the inflation down. Right now people have too much money and they’re willing to pay for overpriced shit. Just as Powell said.

>> No.50753947

The workforce is down. Many people are just working multiple jobs. This is unironically a huge bearish indicator wrapped in the packaging of good news and spoken of by politicians as good news (like when Biden said he had "the highest job creation in history" because people were allowed to return to work from lockdown, or how we are "not in a recession" or how inflation was "transitory" or how..-it isn't what's being said).

>> No.50753978

Also this:
>>50753823

>> No.50753999

>>50753916
No one has fucking anything. The national savings rate is lower than it was in September 2008 (Lehman). People are buying on credit which is exploding and defaults are starting.

>> No.50754023

>>50753791
No actually. 6 months in. It's over 50% completed on average.

>> No.50754052

>>50753580
Strong job report = higher inflation down the line = Fed hikes rates = capital markets get fucked.

>> No.50754173

>>50753580
it delays the inevitable Fed "pivot"

>> No.50754573

>>50753580
because the FED wont stop hiking until unemployment is well above 5%

>> No.50754603

>>50753580
It's selling off because it's even worse. Stagflation. Recession is already underway, but it seems it's going to get worse than that this time around.

>> No.50754621

>>50753580
that means inflation is on

>> No.50754665

>only 3.5% of Americans are unemployed
Who honestly believes this bullshit? I don’t think even the Soviet Union was this brazen with their numbers.

>> No.50754864

>>50754665
I heard the delete from the numbers anyone who reports unemployed but does not look for a job currently.

>> No.50755149

>>50753580
Stock market is so thoroughly rigged at this point that you can't even take it seriously. Just make money based on the fact it's rigged and if the whole thing collapses, do a little research on Google maps, and go LARP as Michael Myers.

>> No.50755302
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50755302

>>50753580
>if only you knew how fucked things were about to be

>> No.50755348

>>50753721
>Strong jobs data is inflationary, inflation means the Fed will tighten,
This is the correct answer.

>> No.50755420

>>50754665
>>50754864
It's on the BLS web site. If you haven't looked for a job in the last 4 weeks, you're not counted as part of the labor force.
https://www.bls.gov/cps/definitions.htm#nilf

>> No.50755457

>>50755420
How do they even know that. I'm not american though, are you forced to report and ID anyone who applies for a job to you?

>> No.50756327

>>50755457
BLS does a phone survey to obtain the data.

>> No.50756340

>>50756327
so it's a POLL?

>> No.50756372

>>50756340
>so it's a POLL?
Basically. It's called the Current Population Survey. Details:
https://www.bls.gov/cps/cps_htgm.htm

>> No.50756416

>>50756340
It's a common misconception among Americans that UI data is somehow involved. It's not. See the methodology linked in >>50756372

>> No.50756911

>>50753580
more jobs = inflation = rate hikes

>> No.50759453

>>50753999
>People are buying on credit
This has always been the case, and it's good. Credit usage drives the economy.
>defaults are starting.
Nope. Defaults are actually lower than average.