2.44 million losing their jobs is enough to push stocks higher

We were headed down in futures until we found out that another 2.4 million lost their jobs as you can see on the chart we bottomed right as the jobs report came out at 8:30. Every time we get another record breaking jobs number stocks go higher, and this 2.4 million is after we reopened, were still losing record jobs. Yeah it’s totally gonna be a v shape recovery for our economy. I don’t know if you guys remember but the worst job loss in the Great Recession was 701,000 jobs in March 2009 in a single month, now we lose many times that every week it’s incredible. So we’re gonna start buying stocks into the jobs report.

Comentário:

Watch what fed says at 2:30 might be some increased volume hopefully stocks will start moving somewhere other than sideways