so the US added 312,000 jobs which is much more than the 174,000 the street was expecting plus the prior 2 months were revised higher. Further, the all important Wage number increased more than expected. We have Powell talking today and Wall street was/is expecting him to tone down his hawkish view on rates which is one of the reasons the futures were up. With this strong report, how in the world can Powell now be dovish?? He cant ! If he is, he will totally lose credibility. Gotta wonder if they sell this rally hard. I cant buy here, thats for sure.
%% Typical bear rally; not a prediction. I dont mind making dividends off a weak bear rally; but still looks like a bear rally, more than a good buy.