Gdp Third estimate gets reported tomorrow one hour before the Market opens. What's going on guys? It's rookie with techmat. Solutions Just making sure that you are kept up to date with different economic reports that could influence the overall stock market. I Hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing.

If you feel like I earned it, let me go ahead and start sharing my screen. I Mean we had Apple today hitting 50 or not 52 week highs? All-time highs we have NASDAQ Market going back above the moving average and as of right now, the NASDAQ Market is looking incredibly bullish working its way back up to previous highs of 370 230 on ticker symbol QQQ which is the NASDAQ ETF tkq I Don't know if you guys agree. Overall: Market was very very choppy today. It ended in the green for overall NASDAQ As you can see, NASDAQ ended 0.2 percent in the green, but if you look at the one minute time frame, this all literally happened in a matter of seconds and then a strong push.

Aftermarket hours it looks like again, there's a very strong rally right before the market closed literally the last five minutes which pushed the overall NASDAQ Market from red on the day to Green on the day. Kind of coincidental, right? Because what's tomorrow tomorrow? We have initial claims and continued claims and the GDP third estimate. Now let me explain very quickly. Initial claims and continued claims are reports that pretty much capture the initial claims is how many people have filed for unemployment for the first time.

Continuing claims are the number of people that have filed for unemployment continuously. Now, why is this important? Well, it's normally a good indicator to better determine if unemployment rate is going up or unemployment rate is going down. Now it's not perfectly accurate as there's many times that I've seen that initial claims that's coming in higher meaning more people are following for unemployment. yet the unemployment rate comes in lower just like it did last time at 3.4 percent.

I'm sure many of you guys have heard unemployment right now said to very very low meaning that almost everyone that wants a job has a job that is of age. Now is this a good thing? Well, the very Basics Yes, right People are wanting to get a job and actually being able to get one with a only a 3.4 percent unemployment rate. I mean that's a pretty low unemployment if I'm not mistaken. Uh, looking at the past 73 years, it's one of the lowest unemployment rates that we've seen.

Uh, there is a correlation that we have seen after or before every single big market crash, the.com Bubble, the 2008 real estate market crash. Unemployment was really, really low right before that crash happened. Now again, I'm not here to forecast something like this is bound to happen as we've seen big pullbacks already. Right? just like we saw in 2020 to 2021.

With the Covid Crisis, All I'm saying is I mean if you haven't looked into that already I find that information to be quite useful because you can kind of take into consideration our current unemployment rate and then look at previous recessions and see what was the unemployment rate before the market crashed and I think you'd be quite surprised Again, the more that you know, the more you can be informed to you know better invest or better trade right? The GDP the GDP deflator, and GDP third estimate all gets released tomorrow one hour before the Market opens. Uh, probably the most important report that gets released tomorrow and we'll see how the market reacts if you're part of my Lpp team tomorrow during our live trading session. By the time that we go live right at Market Open Market should have already factored that in, but just like today, NASDAQ started in the red but then quickly gapped up into the green and I think that's where we're going to test. To see is if we see this same chain of reaction where something happens pre-market but then right when the Market opens all of a sudden there's a rush of buying pressure, right? Obviously the NASDAQ Market has been incredibly bullish.

It's finding every reason to Gap up and the last thing that I want to make sure that you are aware of for those that have stayed to the very end of the video is do not be surprised if you see some form of volatility kind of around midnight right? Especially if you pay attention to Futures because Jerome Powell at 2 30 a.m eastern Time or pretty much midnight Arizona time Jerome Powell will be speaking I'm not going to host this live stream, but I Just want to make you guys all aware so you're aware of the different economic reports and different streams. Uh, or kind of just discussions that are happening that could influence the overall market. For those that don't know who Jerome Pal is Jerome Powell is the big man. He is the head of the Federal Reserve and whatever he says technically does influence the overall Market because he is in charge of our central bank.

So I Really do appreciate you guys time. I'll see you tomorrow for our live trading session I Would love to have you there if you haven't joined already. That's the second link in the description down below and again if you test out our live session tomorrow and it's something that you actually really do enjoy. We are running our biggest discount and that is linked to the second link in the description down below.

It's not going to get any better than that. so if you have any questions, feel free to shoot me a direct message via Discord and that's that first link in the description down below. Like always, let's make sure that we end the year on a green note. Take it easy, team.