Dec. 4 at 8:44 PM
The stock market was back and forth today because traders were reacting to weak job numbers, but many still think the Fed will cut rates in December, which usually helps tech stocks. There’s also talk that Kevin Hassett might become the new Fed chair, which could mean even more rate cuts, but people aren’t totally sure if that’s good or bad yet. Some companies like Meta and Salesforce did well, while Snowflake didn’t, so earnings have been kind of all over the place. Jobless claims dropped, but layoffs are going up, and everyone’s waiting on the new inflation report to see what’s next. Overall, I’m cautiously bullish, but it still feels like the economy has some things to figure out. There’s always a chop before a trend so hopefully tomorrow we’ll see a clearer picture direction-wise on
$TQQQ and
$SQQQ.
$SPY $QQQ