August 5, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Excellent 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:

• The Jobs Report is excellent. It is shockingly better than the predictions of the momo gurus.  It is even better than the predictions of non-momo gurus.  Here are the details:
  • Nonfarm Payrolls came at 528K vs. 258K consensus.
  • Nonfarm Private Payrolls came at 471K vs. 200K consensus.
  • The unemployment rate came at 3.5% vs. 3.6% consensus.