Hey, what's going on Team? It's Ricky with Attack Mode Solutions A super quick stock market update based off of an economic report that is going to be released tomorrow. that I think that out of all of the ones that have been released in the past couple of weeks, you must pay attention to. So tomorrow is the initial claims and the continuing claims. Uh, report.

For those that are unaware, initial claims are the people that are filing for unemployment for the first time. The expectation is 198 000 people filing for unemployment for the first time. If the initial claims comes in lower than expected, that is not a good thing. And let me explain why.

continued claims is just the number of people that continue to file for employment. So it's the same report, but it's just not their first time. So why is it that if less people file for unemployment, the market could sell off on Friday is the most important report. and that's non-farm payrolls and the unemployment rate.

So if we see that week after week, right? Well, this is capturing the weeks of March. but we're going to be reporting in the month of February right? So now that the month of February is all complete, we're going to be reporting what the unemployment rate is. As we currently sit at 3.4 percent. The expectation is 3.4 percent my opinion.

And I think because I've been watching every unemployment report, there was not one unemployment report I'm sorry there was not one initial claims or continuing claims report in February that came in higher than expected meaning less people week after week are continuously filing for Less Unemployment meaning that they're getting a job. and if they're getting a job, then unemployment should not be staying the same. It should actually be going down. And if we have a strong or stronger than expected labor market, the Federal Reserve can justify being more aggressive with future interest rate hikes, especially as inflation is looking to be a little bit more sticky.

And this is why tomorrow is important because if we see initial claims or continuing claims coming in lower than expected meaning less people are actually filing for them for the unemployment, then that means that more people are actually getting jobs and with more people getting jobs. then again, that overall unemployment rate should be going down. and now we're already tracking March. But the one that's going to be reported on Friday one hour before the Market opens is going to be for the month of February.

So again, tomorrow, one hour before the Market opens at 8 30 a.m eastern time, the initial claims and continuing claims report is going to be released. I Just wanted to make sure that you guys heard it here first about how the market can react when these reports are released. So if you ask yourself, why is the market so bearish or why is the market so bullish during that pre-market session or right out Market open then now you know you don't have to ask the why you can then be like Okay, well let me look at what the initial claims and continuing claims report came out to be and and why the market is reacting the way that it is right. That's going to make a little bit more sense because you understand the why.

Today today was a pretty sad race day as you guys get uh here just based off of my voice and the congestion in my nose I'm a little under the weather I tried taking some nap Rachel who's my uh girl? um is out of town for a meeting and I'm watching Remy myself. So I had some dad duties today and I've been all over the place I I don't necessarily feel the best so I appreciate you guys putting up with me and allowing me to upload a little bit later today. So very excited for tomorrow I Plan to go live hopefully I feel a little bit better in the morning I'm going to take a quick little NyQuil and head straight to bed. So I just put Ruby to sleep I Just had dinner and I'm ready to call it a day.

so I appreciate your time I Hope that I earned a thumbs up. Please consider subscribing I Just wanted to make sure that I took the time and made you guys all aware of the initial claims and continuing claims report one hour before the Market opens. So if you want to do anything with your position or position size prior to this report being released, then now you can Because you now know why and what can happen shortly after or before the Market opens. So appreciate your time again.

I'll see you tomorrow for our live trading session. and if you want to be able to watch me trade live as soon as tomorrow, that's going to be the second link down below. And again, don't forget you get automatically entered for the GTR giveaway 5 000 times. If you if you join right now, learn, plan, profit 2.0 or you can head on over to Shoptechbutts.com And for every one dollar you spend, it equals five automatic entries.

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If you're a little bit new to trading, then feel free to check that out and then feel free to reach out if you have any questions. Like always, let's make sure that we're in the year on our green now. Take it easy team!.