The stock market

[URL unfurl="true"]https://finance.yahoo.com/news/stocks-plummet-after-jobs-report-blows-past-expectations-stock-market-news-today-124619267.html[/URL]

taking off like a bat out of hell now..................

Let's hope it holds.
8-)

Lot of moving parts. Couple articles contradict itself. Let's see how it finishes. Need a bunch of days like this.

Lot of moving parts. Couple articles contradict itself. Let's see how it finishes. Need a bunch of days like this.

we need a couple of weeks of this.............
:)

[URL unfurl="true"]https://www.reuters.com/markets/us/us-job-growth-beats-expectations-september-unemployment-rate-unchanged-38-2023-10-06/[/URL]

"Job Growth sizzles"........................................Read into this article.

"The jump in employment, the extremely low level of unemployment claims, and the rise in job openings keep alive the possibility of the Fed raising rates one more time this year," said Kathy Bostjancic, chief economist at Nationwide. "Moreover, it underscores that they will be in no hurry to cut rates - higher rates for longer."

[SIZE=5]The broad increase in payrolls was led by the leisure and hospitality industry, which added 96,000 jobs.[/SIZE] [SIZE=6](The lowest paying wage jobs)[/SIZE] Restaurants and bars dominated, with 61,000 positions created, [SIZE=5]returning employment in the sector back to its pre-pandemic level. [/SIZE] [SIZE=6]How many of these are 2nd, or additional jobs people now need to work just to keep up. [/SIZE]

Government employment increased by 73,000 jobs, boosted by state government education and local government, excluding education. [SIZE=6]Government employment remains below its pre-pandemic level by 9,000 jobs. So they are NOT new jobs. [/SIZE]The healthcare sector added 41,000 jobs, lifted by ambulatory healthcare services, hospitals, nursing and residential care facilities.

There were gains in professional, scientific and technical services employment, though temporary help hiring continued to decline. Employment in the transportation and warehousing industry also rose as did retail and construction payrolls.

The moderation in wages was likely because [SIZE=5]most of the jobs[/SIZE] added last month was in lower paying industries.

[URL unfurl="true"]https://www.foxbusiness.com/markets/exxon-pioneer-shares[/URL]

[URL unfurl="true"]https://www.foxbusiness.com/markets/modelo-parent-outlook-bud-light-controversy[/URL]

Good ole "peel the onion back". Good read. Read it with an open educated mind.

[URL unfurl="true"]https://www.foxbusiness.com/media/larry-kudlow-here-warning-economy[/URL]

Long weekend ahead. Watch for futures. You know know all the money you worked so hard for??

Yeah if it continues to escalate, they'll try to prop it up for a bit, I'm sure. Ultimately gravity wins.

Yeah if it continues to escalate, they'll try to prop it up for a bit, I'm sure. Ultimately gravity wins.

Ask any scientist. You ain’t beating gravity.

I know the healthcare sector has plenty of job openings but not too many applicants.......the once attractive sector took a huge hit with covid.

No

I know the healthcare sector has plenty of job openings but not too many applicants.......the once attractive sector took a huge hit with covid.

Good. Cause the executive class in health care is corrupt. But no worries...you'll get some soon from the border crossers you can train them on emergency room triage and the like after they learn English.

No

Good. Cause the executive class in health care is corrupt. But no worries...you'll get some soon from the border crossers you can train them on emergency room triage and the like after they learn English.

Si

These are licensed positions requiring higher degrees not cashier in the cafeteria............

[URL unfurl="true"]https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-what-to-do-after-bullish-upside-reversal-nvidia-leads-11-new-buys/[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/us-futures-tumble-as-middle-east-conflict-rattles-markets-stock-market-news-today-102754346.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/oil-soars-hamas-attack-israel-224019206.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/renewable-energy-stocks-plunge-as-going-green-gets-expensive-160030279.html[/URL]

[Higher interest rates]('https://finance.yahoo.com/news/the-stock-market-sell-off-is-all-about-the-pain-trade-in-bonds-093035447.html') are impacting the renewable sector because clean energy projects are capital intensive.

To make matters worse, falling valuations are making it harder for companies to tap into public markets to fund their projects. Also, bonds offering higher yields are competing against dividend yields on utility stocks.

“There is an exodus from ESG products that are suffering from outflows,” said Navellier.

The Global Clean Energy ETF ([ICLN]('https://finance.yahoo.com/quote/ICLN?p=ICLN&.tsrc=fin-srch')) is down about 30% year to date. The solar and wind energy benchmarks Invesco Solar ETF ([TAN]('https://finance.yahoo.com/quote/TAN')) and First Trust Global Wind Energy ETF ([FAN]('https://finance.yahoo.com/quote/FAN')) are down 35% and 32% during the same period, respectively.

The selling in renewables intensified after NextEra Energy Partners ([NEP]('https://finance.yahoo.com/quote/NEP/')), a subsidiary of NextEra Energy ([NEE]('https://finance.yahoo.com/quote/NEE?p=NEE&.tsrc=fin-srch')) focused on renewables, cut its growth target by half to 6% through at least 2026.

"Tighter monetary policy and higher interest rates obviously affect the financing needed to grow distributions at 12%," [read the company statement]('https://www.investor.nexteraenergypartners.com/news-and-events/news-releases/2023/09-27-2023-113051460') on Sept. 27.

[URL unfurl="true"]https://finance.yahoo.com/news/oil-soars-hamas-attack-israel-224019206.html[/URL]

Great, just as we've seen a $0.20 price drop at the gas pump...

[URL unfurl="true"]https://www.foxbusiness.com/media/larry-kudlow-here-warning-economy[/URL]