Will Jobs Data KEEP THE MARKET PUMPING?!! We no likey rate hikey!
Will Jobs Data KEEP THE MARKET PUMPING?!! We no likey rate hikey!
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Dr. Stock Doctor proceeds to discuss the overall market performance, noting the significant green movement with only a few red spots like Goldman Sachs. He mentions that he will be featuring the Moomoo app in this video, providing a link in the description for viewers to explore and take advantage of special offers for free stocks and cash rewards.
He expresses his preference for Tesla over Google based on his earnings projections, but acknowledges that Google is a solid company with future growth potential. He mentions Google's partnership with OpenAI and their $10 billion stake in the chat sector. Dr. Stock Doctor anticipates exciting developments and competition between Google and Microsoft.
Moving on to market analysis, he starts with Facebook and highlights its importance as a large tech company. He mentions the announcement of their new headsets and speculates about Apple's upcoming headset release. Dr. Stock Doctor recalls a previous situation where AMD outperformed Intel, suggesting that Apple might undercut Facebook's announcement with a superior product.
He engages with viewers about age demographics and invites tech-savvy individuals to share their knowledge and experiences. Returning to the market analysis, Dr. Stock Doctor discusses the Qs, which track the Nasdaq 100, and observes some indecisiveness between bears and bulls. He mentions the debt ceiling news and the upcoming settlement deadline, expressing confidence in the market's positive outlook.
The video transitions to discussing the SPY, which tracks the S&P. Dr. Stock Doctor notes the struggle to break resistance levels and shares concerns about bearish divergence. He mentions the upcoming release of nonfarm payrolls and ADP employment change reports, analyzing the data and speculating on potential job growth. He explains the correlation between nonfarm payrolls and private sector job data and suggests that current job data does not indicate a recession.
Dr. Stock Doctor navigates through different job data charts and emphasizes the importance of the federal funds rate. He refers to the Fed watch tool for June, which suggests a pause in rate hikes, but mentions the possibility of a spike in rates in July. He provides percentages and points viewers to further resources to explore the topic.
He wraps up the video by referencing a Reuters article about Wall Street's rise on hopes of a Fed pause in rate hikes and reiterates the importance of nonfarm payrolls in determining the market's direction.
Overall, Dr. Stock Doctor provides viewers with market analysis, insights, and speculation, while also engaging them in discussions and encouraging them to share their thoughts and feedback.
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