Afternoon Note
Not Panicking or Manic
By Charles Payne, CEO & Principal Analyst
5/3/2022 1:33 PM
Job openings in the United States climbed to a record high in March to 11.54 million, coming in higher than expected.
- Retail +155,000
- Durable goods manufacturing +50,000
JOLTS
The number of job quits in the United States rose to a record high of 4.536 million in March of 2022.
- Professional and business services +88,000
- Construction +69,000
Quits
I suspect we are in for another wild finish to the session. I still think the odds are the market rallies on the FOMC decision tomorrow – as long as its 50 bps, and Powell sounds firm on curbing inflation, but also not panicky or manic.
| Comments |
| After tomorrows FED-talk, analysts and MM will just FUD till the June Fed-talk - it is all the markets do anymore is doom and gloom, and forecast to the next month as an excuse to tank the markets on "uh, oh what will the Fed do in June" as soon as meetings end tomorrow (watch and see). If we're in a Bear-down market, most of us will just paper-hand until this nonsense is done. Most don't need it anyhow for years, so DCA as you can on the smashed small and mid-caps ~ they will rise from the ashes - not as a Phoenix, but as tried and true industry disruptions. BY on 5/3/2022 5:20:13 PM |
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| 4/10/2024 1:22 PM | Hang In There |
| 4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
| 4/9/2024 1:56 PM | Fighting the Trend |
| 4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
| 4/8/2024 9:45 PM | Cautious Feel |
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