Dow futures top 300k in the wake.
U3 up to 3.9% from 3.7 as a record number of people reenter the work force. Avg Earnings +.4%.
MFG Jobs + 32K.
Assuming Mr. Powell does not sound too Hawkish later this morning, it should be a good day for equities.
And Powell is talking up both the US and the Chinese economy while showing little concern over inflation.
For once good (economic) news was good news for the market.
The market is nervous about the fed. A report like this can be an argument for more aggressive monetary policy. When Powell maintained a dovish position, (which the market was hoping for/expecting), things really took off.
7 rate hikes in 2 years has been pretty aggressive.
If we can just get this dayum trade war resolved, stocks will get back to where I think they should be.. Somewhere between here and where they were <G>. We hit a dow 27k too quick.
Where do you think the Dow should be
Don't you think 27 is a bit much with earnings probably coming out on the low side