Hey, what's going on? Team: It's Ricky with Tacbook Solutions here with a super quick stock market Update: Want to make sure that you guys are aware of what's to come tomorrow? So in the Economic Calendar Friendly reminder: you guys all have access to this I Use this specific one. There are so many free ones out there. I Would encourage you to take some time so you can hold yourself accountable and stay up to date. It's literally called Economic Calendar and you can pick the one that is more suitable for you tomorrow.

Friday December 2nd Pre-market All of these economic reports are pre-market meaning before the Market opens, this is at 8 30 a.m Eastern time, so that is one hour before the Market opens. My job here is to update you on these reports. So again, please make sure that you subscribe and drop a thumbs up on this video. I'm thinking about it.

We definitely do not have to. I Technically don't even really want to. but if you want me to live stream these economic reports and it's one of the main reasons that the market was trading so choppy today and it's because of this unemployment port and the non-farm payrolls. but I would say out of all of the reports that are actually to be released tomorrow, it's the unemployment report that is the most important right? It's the unemployment rate.

And remember if you guys tuned in uh, tuned in to our live stream yesterday when the Federal Reserve or I'm sorry when Jerome Powell spoke which is the head of the Federal Reserve a big Focus was they want to see unemployment increase. It's a weird way. it's kind of like a backward way of thinking. but right now our prior report was 3.7 percent.

the expectation is 3.7 percent. So again, let me make this very simple and very clear to understand if the unemployment report comes in higher than expected. Meaning, at 3.8 or 3.9 percent, that would most likely mean that the market will react in a positive way. Why Why would the market react in a positive way If unemployment is going up meaning less people are employed, it's because of the Federal Reserve The whole purpose of the Federal Reserve is as they've been raising interest rates.

It's to fight inflation, and by raising interest rates, they're making it more expensive to borrow money. Therefore, companies should not be expanding, but they should be contracted Like you've seen with Apple, Amazon Facebook Tesla Laying off people Actually don't know if it was Tesla but Twitter did right. They laid off a bunch of people. That's what the Federal Reserve wants to see, especially with the idea.

Based off of the live stream from yesterday where Jerome Powell says it could be as soon as December that they can have a less aggressive interest rate hike. That's what we need to understand. So by unemployment coming in higher than expected, it will most likely lead to a positive reaction for the overall Market. If unemployment comes in lower than expected and it's going to be an instant reaction, right? If unemployment comes in lower than expected, mean unemployment's actually going down then.

Although that's a good thing that more people are employed, that's not a good thing for the Federal Reserve Because that means that less people are feeling the pressure of these higher interest rates and therefore they can justify being more aggressive because they need the economy to contract. They need these businesses to feel the pressure and to stop expanding to be able to combat inflation. So again, we definitely do not have to. But one hour before the Market opens, these reports will come out.

I Was thinking of maybe live streaming 10 or 15 minutes before the report and maybe 10 or 15 minutes after the report. It's one hour before the Market opens. So eastern time that is at 8 30 a.m. So I'm thinking of going live at 8 15 a.m eastern.

Time Or if you're in Arizona time, that's right around 6 15 a.m. So again, I don't necessarily want to wake up early on a Friday if I don't have to. but if you guys get this video to over 1500 likes I'd be more than happy to do so. All I want to make sure is that enough people show up or enough people want me to host the live stream.

So make sure you smash that like button, subscribe to the channel and turn on your post notifications and if we get 1500 people by tomorrow pre-market hours I'd be more than happy to go live. We have the non-farm payrolls that are also going to be released and as you can see, 8, 30, 8, 30, 8, 30, 8, 30, 8, 30 and then the average work week. But again, the most important one, the one that everyone and every headline has been focusing on is the unemployment report, no doubt. So um, doesn't surprise me that the market traded sideways really for a majority of the day If you look at QQQ for the NASDAQ ETF we traded above the five minute moving average.

If you're part of my learn plan, Profit Team I told you exactly what it is that we were looking for. It wasn't until the aftermarket trading session that we actually began to trade below the moving average, but again, that's just after market hours. One thing that I do want to show you is NASDAQ Futures as of right now are in the red, meaning that if the stock market were to open right now, NASDAQ would be down nearly half a percent and Tqq would be down about 1.5 percent. Again, there's many times that this thing can be in the be in the red right now, but by the time the Market opens right, it can be in the green for vice versa, right? So I'm excited to follow up.

It's up to you guys if you guys if we actually end up hosting the live stream, all you have to do is get this video to over 1500 likes. So I hope that I earned your thumbs up. Please consider subscribing if you have any questions about what we talk about today uh or any questions about getting started. remember: I cannot answer any of your questions if you never reach out I don't know what other YouTubers do if they put themselves in a pedestal I don't right? I try to make myself as most accessible as I can so send me a direct message either via Discord if you're on Discord that's that first link down below or send me a direct message via Instagram and that's that third link in the description down below.

I have I'm verified on Instagram and that is my only Instagram account. Every other Instagram account is fake I can promise you that they're gonna try to follow you. they're going to try to message you I Never message you first if you reach out to me, just reach out to my verified account and again, that's that third link in the description I Appreciate your time if you're part of our Learn Plan profit group. I'll see you tomorrow at Market Open for our live training session and if you want to be able to watch me trade live as soon as tomorrow, we're running a sale and that's that second link in the description.

Other than that, like always, let's make sure that we're in the year on the green note. Take it easy, team!.