Oct 7, 2023
The Labor Department released the September jobs report on Friday and it was hotter than expected. Initially, stocks sold off as the bears saw it as a potential sign that the Federal Reserve might continue to raise interest rates. But, stocks made a U turn and ended higher after investors digested the data which did also showed lower than expected wage growth.
If the economy can add jobs without cuasing more inflation, that would be a goldilox scenario. It's only one report, but the bulls won the day.
Topics discussed on this podcast:
- Jobs
- Economy
- Warren Buffett
- Gamestop
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