MOMO GURUS WRONG AGAIN ON JOBS BUT PERSIST IN THE SAME BEHAVIOR
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Jobs Report
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- As we previously shared with you, the momo crowd was aggressively buying stocks ahead of the jobs report hoping for job destruction. We also shared with you that bond traders were making the opposite bet and projecting a better jobs report.
THIS CLASSIC MISTAKE WILL COST YOU DEARLY – HERE IS HOW TO AVOID THE PITFALL
- The jobs report is better than expected.
July 8, 2022