Aggressive_Bit_91

Aggressive_Bit_91 t1_iyf4zvm wrote

Why do I feel like this is too good to be true, is wording is vague like “well it’s possible…. Incoming data blah blah blah” then he says labor market and emphasizes on services inflation. Which an inflation report comes tomorrow and jobs data Friday… something smells weird here imo but idk honestly I’m beginning to think I don’t know shit about anything. Payrolls will probably be a non event Friday and pce idk. But my question is will people be grabbing up jobs with what the outlook looks like. There’s really been no surprises in the jobs data recently. I’ve also noticed that the adp data is not very accurate (seen large swings both ways on that). I got shit on today and honestly can’t believe what I just saw, now keep in mind I thought the market would react the way it did on the last cpi release… but this pushed almost every metric into extreme greed (in itself doesn’t mean anything). Idk if you will read this or have input but I don’t honestly know what to make of this. Seems like the market wants to go to ath rn and I do actually somewhat agree with the rally that occurred from the past bit. The one thing that throws me off is the amount of massive and I mean MASSIVE upswings in the past 2 months which a actually isn’t indicative of bull markets not fueled by monetary stimulus.

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