2022-10-06

3820 is Everything

Apologies to Mr. Lewis. Yesterday's break wasn't it. The market has potential for a larger rally above 3820 and potential for eventual new lows below. Tomorrow is the unemployment report for September. I have no idea what it will show because the data has been messed up since the pandemic. This year, it looks like multiple job holders are driving job gains. Regardless, if this is in fact a bear market, which I believe it is, then data such as unemployment numbers don't matter as much because the market is pricing in what is coming.

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