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Message
re: The Jobs report came in hot. Futures are droppings.
Posted on 1/5/24 at 9:51 am to slackster
Posted on 1/5/24 at 9:51 am to slackster
quote:
Damn dude, bring those hot tips here beforehand. I don’t recall your post shorting things before they went down.
I thought that anyone with an IQ over 80 knew that there were a lot of people just waiting until the tax year flipped to hit the sell button.
I didn't consider it a hot take, more like common sense.
Tech selling off this week was a given, the only question was how much.
No reason to get testy.
Indexes are green across the board now, so cheer up and have a nice weekend.
This post was edited on 1/5/24 at 9:56 am
1
Posted on 1/5/24 at 9:56 am to LSURussian
quote:
The NASDAQ Composite Index is down 3.3% this week.
The tech-heavy NASDAQ 100 Index is down 3.2% this week.
OH no WAIT that MEANS they ARE down 6.5 PERCENT!!!???!!!
Posted on 1/5/24 at 9:58 am to Future LSU Tiger
quote:
No reason to get testy.
Not at all. I’m serious about bringing these topics here ahead of time. You’re new around here but a good debate is always healthy.
Posted on 1/5/24 at 12:14 pm to Bunsbert Montcroff
quote:
The NASDAQ Composite Index is down 3.3% this week.
The tech-heavy NASDAQ 100 Index is down 3.2% this week.
OH no WAIT that MEANS they ARE down 6.5 PERCENT!!!???!!!
Posted on 1/5/24 at 1:46 pm to SloaneRanger
quote:
I have no idea what "they" are trying to do. In the last couple of years it just seems like every report gets revised downward at a later date.
"They" are the BLS and they use a calculation for headline prints that under estimate new job creation at the beginning of cycles and over estimates at the end. The revisions are actuals. This cycle just happens to be the most absurd revisions wise.
Posted on 1/5/24 at 4:18 pm to wutangfinancial
Revised down 73k from the previous report
56k part time jobs
All mierda
56k part time jobs
All mierda
Posted on 1/5/24 at 6:39 pm to Future LSU Tiger
quote:S&P 500 finished up on the day. Thanks for the report.
Futures are droppings.
Posted on 1/5/24 at 7:13 pm to SloaneRanger
quote:
I have no idea what "they" are trying to do. In the last couple of years it just seems like every report gets revised downward at a later date.
Sometimes it gets revised upwards. You just have selective memory and are letting your biases obscure the truth.
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