Saddle up! We have FOMC interest Rate @ 2 today then MSFT, GOOG, AMZN, & META Earnings after market close. As well as APPL Earnings tomorrow after market close. Expect little movement on the lead up to 2. Expect crazy movement from 2 till 4 tomorrow! Trade smart and be strategic.
I’m not going to dive to deep in because the idea is to argue my point if you agree this Rally is backed by data. But for those who agree SPY should not be this high do you agree with this chart?
Basically this data was taken for the Rate of Hire month over month since 2008. At this time we sit around a 2.9 which we’ve only seen twice since the largest economic collapse our generations have seen. We saw these numbers during covid but it quickly recovered. So this begs the question on how the market has grown 3 trillion dollars since the 2024 election. Job growth and Hiring is at recession lows yet the market is at all time highs. Typically these charts move in congruence. In order for an economy to grow the economy needs to generate money. No money made equals no growth. That means job growth, consumer spending, etc.