TSX:AX.PR.E - Post by User
Comment by
Torontojayon Sep 04, 2024 8:15pm
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Post# 36209066
RE:TJ
RE:TJ
garyreins wrote: Prediction for tomorrow? Unemployment rate and markets reaction.
It looks bearish out there with how yields are falling. It's the establishment survey that is lying whereas the household survey which is how unemployment is measured is likely telling the truth. Non farm payroll is showing fake job numbers which doesn't capture turning points in the economy due to the birth/death model.
September is never a good month for the stock market. Just saying...
If the unemployment stays at 4.3% then the stock market will likely view that as "good" news. This goes with the overall theme that bad news is good news. However, if the unemployment rate is 4.4% or higher then there could be a blood bath tomorrow.