So how do we add more jobs than expected, but unemployment goes up? Yeah, well, that's what was reported today. What's going on guys? It's Ricky here with techbook Solutions I Hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing. If you feel like we're into, let me go ahead and jump right into it. So I just closed out my Tqq position that I opened during today's free live session so this was at Market open I Trade Live normally with my Lpp team every morning.

Today I opened it up to the public. so again, just another reason you should subscribe to the channel. Closed it out, left myself with my one lucky share 31. Uh, I'm sorry.

sixty three hundred dollars on the day and I close it out. Uh. overall upset potential based off previous highs versus downside risk. Downside risk outweighed my upside potential.

Uh, and it was already showing lack of progress. we weren't really making much progress. Uh, by the time that we hit highs of 37 I just didn't want to over complicate it. it's Friday I Wanted to lock in profits and I'm still uncertain on why the market is in the green now.

I Wanted to share this with you guys because I think it's going to be very interesting next week. Now the market right now is extremely bullish and it's forming higher highs and higher lows like NASDAQ is literally at 52-week highs. Take that right, look at this headline from: Yahoo Finance Stocks pop after May Job reports top expectation. so let me show the report with you: non-farm payrolls: 339 000.

this isn't like a little bit of a more than expected. The expectation was 190 to 195 000. we came in nearly double of that. The prior was 294 000.

I Don't understand why with that news, the market isn't tanking. The part that's wild to me is that this article and again this is just my opinion, but this article says oh, stocks were higher on Friday after a strong May job Report with news late Thursday that the Senate passed yeah, the Senate did pass the debt ceiling bill I get why the market is somewhat going up for that? although I think that it's already factored in, but clearing investors fears over the U.S debt default and worries about a market slowed slowdown in the economy if the economy is not slowing down and we have an up-and-coming rate hike on June 14th in just really a little bit under two weeks. Jerome Powell The head of the Federal Reserve has said if the economy is not slowing down, if we are not seeing a weaker labor market, they will justify another rate hike and I want to follow up with this I Want to see if Yahoo Finance and all these other news outlets that are because it's not just them, but Yahoo Finance. They're just trying to justify why the Market's going out because it really doesn't make sense.

The only thing that kind of makes sense is the unemployment rate jumped up to 3.7 percent, but they almost don't even highlight that here. Um, you know the 339 000 non-farm payrolls. Again, that's their main focus and that unemployment rate uh Rose to 3.7 percent. That would make sense on why the market would jump up And you might be asking Ricky Why does uh, higher unemployment cause the market to go up? Remember, it is all based off of the Federal Reserve and how they see things.

And if they see that the economy is not slowing down that more jobs are being added, 339 000 jobs in the month of May were added. the expectation was 195 000. So more jobs are being added, More jobs are being created. Does that sound like a Slowdown to you? Well, no, right.

And guess what? This this bill that they just passed to print two or four trillion dollars for the next year, right? Or every Uh for the next two years. Where do you think that money's coming from? How do you think? We got here to the first place, we printed a bunch of money out of thin air and that inflation goes up. We just are now agreeing to print another two to four billion dollar, two to four trillion dollars. and we just think that inflation is going to stay the same.

But we see that our labor market is now. You know 339 000 jobs are created. To me, this is kind of like Red Flags man. Again, it's just my opinion.

I might be overthinking it, but if I'm really looking at what put us here in the first place, it was all those Stimi checks that we were printing. Oh, you know, let's print this money. Of course the market went up for a short period of time and the market does rally when more money is printed to hope that it circulates. But this is not being handed out to the people, right? This stimulus bill is a little bit different.

It's not the stimi check bill, right? this is this is if anything reduces government Aid so it's less to the people and More in defense spending right? Overall, we're going to print more money. We're showing 339 000 jobs were created, unemployment is at 3.7 percent, and we have an up and coming F1c meeting which is a rate hike or a rate cut or a rate pause right? The Federal Reserve will have to announce it. What do you think is going to happen if they see? Well, we just passed a uh, a two trillion dollar bill right per year. non-farm payrolls came in a little bit much hotter, nearly double than what was expected.

Do you think that you know Jerome Powell and the Federal Reserve will hesitate to raise interest rates I don't But again, just my opinion. I I Can see them justifying another rate hike because of this. and I Think that these news outlets on the market does begin to factor that in and the market begins to correct itself a little bit over this overreaction of Nvidia being worth one trillion dollars Apple being at 52 week highs. and then we kind of began to scratch our head.

Well, did an Apple announced that they were going to have a Slowdown The only reason that video is going up is because of their focus on AI which is pretty hyped up right now, right? and they're forecast the valuation which is nowhere close to where they are right now. I Think it's going to be very, very interesting obviously I still wanted to go long. There's no reason to over complicate my trading. if Market direction is bullish I'll go bullish.

But I think when things really begin to sink in and we can read through the lines, we won't be having headlines like this. It will literally almost be the exact opposite of markets dropping because of job reports. and I see this happen all the time or they just twist The Narrative of their titles because again, they're just trying to justify. So I'm very excited to follow up and and see how the market reacts to this actual economic data and how the Federal Reserve reacts because ultimately, that's what matters most, not my opinion, not Yahoo finances, Jerome Powell and the Federal Reserve and what they do on June 14th.

But don't worry I'm going to keep you guys up to date. All you have to do is drop a thumbs up and subscribe to the channel I. Also want to remind you again, we are running our biggest sale guys. There's literally two days left and 16 hours for our GTR giveaway.

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