Mac1958
Diamond Member
December jobs report: US economy adds 216,000 jobs, shocking Wall Street
Investors' soft landing narrative is once again put to the test with the release of the December jobs report.
I've seen a lot of people saying that inflation has been beaten, and I don't think I'd make that assumption.
This economy is on fire, and we're not yet removed enough from inflationary forces to declare anything. The market, particulary QQQ, will be worried by this.
These jobs numbers will provide more grist for the Fed to increase rates again. We'll see.