ST Alpha - "The stock market seems unphased by the news. -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 165

In response to "April jobs +266k versus 1m expected. Unemployment up a tick to 6.1%. -- nm" by znufrii

The stock market seems unphased by the news. -- nm

Posted by Inigo (aka Inigo) May 7 '21, 06:51

(No message)

Responses:

Yup. Weak jobs means more cheap monetary policy, probably, which drives stocks up. -- (edited) - znufrii May 7, 06:57 5
- LOTS of talk about the reasons behind on CNBC this morning: whether it's lack of opportunity or it's people reluctant to return to the workforce - Baron Nefcy May 7, 07:22 4
  - There is lots of reporting going on out there about people avoiding the workforce because of the high unemployment payments. I tend to be skeptical - pmb May 7, 08:06 3
    - There's definitely some that are not going to take some low paying job just to go back to work when UI is giving them more. My friend is one. - Krusty May 7, 08:24
    - Also under appreciated is the impact of the unavailability of regular child care and access to schools. -- nm - znufrii May 7, 08:21 1
      - That is a huge complicating factor for sure. If your kids have nowhere to go during the day, you can't just leave them. -- nm - Baron Nefcy May 7, 08:34

Post a message top

Replies are disabled on threads older than 7 days.