How Sept Job data Mooooves your investment? 🔥
What happens later? The September jobs report, expected later today, will provide a clearer view of the U.S. labor market and is likely to be a key driver for markets, even amid geopolitical tensions and rising oil prices.
Unemployment down-> More Jobs-> reflecting economic resilience rather than high inflation. With the unemployment rate slowly increasing, solid job growth would suggest the economy is avoiding a recession. $CBOE Volatility S&P 500 Index (.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ may shoot.
Unempolyment data up-> lesser job->Give Fed confidence to cut rate by 50 basis point. This drives $NASDAQ 100 Index (.NDX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $Invesco QQQ Trust (QQQ.US)$ relatively well.
🔮 Taking break today due to data dependent market (be back on Monday!) Sometimes, taking a break is better than entering every trade! Undecided? Stay on Cash Fund which Moo Moo offers! Aside from that, for any dip, buy the strong companies, sell the weak. 👁️ on $Tesla (TSLA.US)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $NVIDIA (NVDA.US)$ $Futu Holdings Ltd (FUTU.US)$ $Exxon Mobil (XOM.US)$ $Occidental Petroleum (OXY.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $Elevance Health (ELV.US)$ $Meta Platforms (META.US)$ $Apple (AAPL.US)$ $Broadcom (AVGO.US)$ $JPMorgan (JPM.US)$
🇨🇳After some breather last night $KraneShares CSI China Internet ETF (KWEB.US)$ $FTSE China A50 Index (.FTXIN9.CN)$ $Hang Seng Index (800000.HK)$ seems to be back in business and likely 🐉 up next Tuesday after golden week holiday.
TGIF!
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