Bears Beware
This should not come as a surprise. The NASDAQ and S&P punch up to higher highs on disappointing Non Farm Payroll data. Expectations for rate cuts are higher as the week ends.
This should not come as a surprise. The NASDAQ and S&P punch up to higher highs on disappointing Non Farm Payroll data. Expectations for rate cuts are higher as the week ends.
In this video, we discuss the bullish move today and the push higher we are having. I was expecting this shortened trading week to be relatively quiet, but we are getting just the opposite, as we saw the NQ and ES both hitting fresh new all-time highs. What do we need to be on the lookout for and how do we trade this?
This Friday’s non-Farm Payroll is likely the determining factor for continued upside. With two or three quarter-point cuts on the horizon, it’s hard to be a bear in this environment.