Market Highlights: Wall Street up sharply on job numbers

The ASX is set to start the week on a high note as Wall Street rallied on the back of job numbers. At 8am AEDT, the ASX 200 index futures contract was pointing up by +0.5%.

On Friday, the S&P 500 rose by +1.11% , the blue chips Dow Jones index was up by +0.80%, and the tech-heavy Nasdaq lifted by +1.24%.

US traders hit the buy button after the US economy added 303,000 jobs in March, far more than the expectations of 205,000. At the same time, the US jobless rate slipped to 3.8% as participation rate rose.

Some experts warn that strong jobs figures like this one may not be good news for the market.

“This far stronger-than-expected jobs report, combined with a recent slew of data showing that inflation remains sticky, further exacerbates our expectation that the Fed will continue to be cautious with rates,” said de Vere Group’s Nigel Green.

“We expect that there will be a maximum of one rate cut this year – in the third quarter – followed by a pause in order to reassess the impact on the world’s largest economy.”

Others are however more optimistic.

“The US stock market is up +US$10trn over the past five months, which is a significant wealth gain for household balance sheets,” said a note on Slock.

“IPO activity is coming back and M&A activity is coming back. These factors will all support consumer spending, capex spending, and hiring over the coming quarters.”

To stocks, Trump Media fell -12% on no news. According to its filing last week, the company reported sales of just over US$4 million as net losses reached nearly $60 million for the full year.

Why didn’t the market panic after the strong jobs data?

The US jobs market is still red-hot, but why hasn’t the latest report made investors nervous that it might stop the Fed from cutting rates?

Because the report also found more Americans have joined the workforce.

According to the jobs report, 469,000 people entered the jobs market looking for work in March, raising the labor force participation rate from 62.5% to 62.7%.

The participation rate is a crucial metric, because a high rate indicates a robust jobs market and a strong economy.

On the other hand, a decreasing participation rate alongside a falling unemployment rate might indicate discouraged workers leaving the labour force, which could mask underlying weaknesses in the economy.

If the economy is so strong that there are 49 million people suffering from  food Insecurity while the monthly job issue is normally a skyscaper used by the Biden Adminisration to lie about th actual situation an he same applies to iflation rate.   Last monh the average appinion pools reached an all-time low of 26% in respect of Biden's performance when it comes to the economy and the same for the illegal migrant invasion.   

People do not care what the stock market shows - it si what pople needs when for food and groceries purhaes they have to make monhl  and found they buy half of what they used  to spend. 

https://www.foxnews.com/politics/cartoons-slideshow#5f9e1ce7-b3af-55d3-8667-3abbcfd3433d  

https://www.foxnews.com/politics/cartoons-slideshow#f6a4c4f9-ba06-5255-aeae-c78ecd425c93

Get the mesasage?

By the way the latest adverts in the USA I saw a Big Mac Burger, chips and coke nowadays cost $19 - four  year ago it was $6. 

The first cartoon relates to California where Newsom excempted a donor  from paying the increaed wages and two supply chains have closed down since the people cannot affaord to buy the prepared food and the sales are so low they cannt afford to pay the workers.    

That type of thing cause hundreds of thousands to flee from Californa where law and order collapsed and gangs robs shopping complexes on an organized basis  and since shoplifiting in California and many cities in the USA and n obody is charged so the residents flee - some even goes to Acapulco suince the Mexican cartels are less dangrous than the gangs.

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DumbMike, all  you do is blame the left wing for all the problems,
No, inflation has not increased by 400% in 4 years.

The problems in America (and other so called 1st world countries) is that the richest 1% are getting richer at everyone else expense. 

It has hit the working class harder, hence why they have become more radical

The economy seems optimised for the small minority richest people - both left and right wing people.

This has been happening under both left and right wing governments. Look at the UK, they have been in power for ages - and they have the same problems

SB

There are two problems I have with Governments wrldwide - not only in the USA - and that relates to coruption in Government and icreasing walth at he expense f he other 80% of the population.   

Under Tump he made su re that both the rich and the poor benefitted from having more mone available to live.   He gave the rich coditional tax rebates based on proof that  they inves ted in renedering services like  manufacurng create more jobs.   He vetoed xport of jobs from the USA by putting tax.   Factor was that he made sure the ultra-rich does nt meddle n olicy determianion.   

Under Biden expoting of jobs have reached higher levels than even  under Obama.   Th problm is that the majority of voters are now much worse off than .they ere un der Biden.   They issues strings f regulations that must be adminsitered so the Public Service Grew beyond recognition.  The other problem was that the rich benefitted massively from Biden spdxing spreeas that nbenefitted the rich with no real benefit fr the rich - who own the media and  use it to dvertise and promote their own benefit.

The other problem I have is with bribery and corr uption - which is endemic in the USA.    Joe and Hunter Biden  had over 25 shelf coman ies that onl y hjave bank accountss and renxder no other services.   When Foerign companies wanted favors from the USA Government they paid money into tho bank account indica ted o them and from there it is distriuted t Biden fami l y members,   The Bank suspected that the py,emts epresents money-laundering - bu  the F BI refse to inestigate it.   Yje fact is the whol cmpay operate under Mafia processes and millions flowed into those bank accounts.   On his laptop - orriginally regarded as Russian Disinformation - but it was later proved to be nothing of the kind and authenic there wa a formula or distrib ution of benefots they got thro ugh corr uptio and the big Man was alwa ys to get 10%.   Numerous witnesses testified that the "Big Man" isJoe Biden.   The FBI jhad the laptop since Jan uraty 2020 and has nt done any inestigation of it.     The opration functions oenly on an illega basis - but the Justice Department has been capture and reue to investiate it.   

Te other issue is that it is not only the Biden family that benefit from it   the senior politicians aree also invovled and so are the Bureaucracy.   When the matter of Abortions served before the Suprewmw Court one of the problems relates to bribery and corruption was  raving inthe abortuon set-up.   The regulations issued by the ashin gton bureaucracy was wide ope to corruption and then Ordered that the States - in tems of the US  Constitution for Health matters - must pass legislation that ensure abortion is not  abused by publis servants and be undeftaken on a sound elgal basis.   The cooks went basllistic and sbortions - which was not the case at  all - but the crooks spead the lies to keep    Tghe preent biden Administration is the msot corrupt in the history of the  USA, 

It  in is not even sure whether Biden takes decisions on issues - for instance he got regvulations compled by the  Soros rganization on the issues like law and order and Open Borde that he is then instructed to esnure that those are exeuted.    Corruption is not .covered in the leftwing news media and the publc is in many ways ignorant about what is happening.  The media relutantly admit Hunter Biden is guilty of influence peddling -but somehow claim that there is no proof of Joe Biden's nvovlement.    

The General Public is now financially worse off than hey were  under Biden than they were  under Trump and that  is why opinion polls regard  Biden being unpopular by margins of up to 14%.    That is public knwledge - but the media is not tyng to deal wih it - so they amke  unfounded and ridiculous clams that  Trump will destroy demcoracy in the U SA.  That while the opposite is true and thata t resent demcoracy is on life suport in the  USA qat present.   Capturing the Justice Department and other state services and use it against opposition supporters is rife in teh USA.        

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Inflation is a worldwide problem (ask Argentina). 
It is being caused by your hero Putin and the sanctions that have been applied against Russia which has increased the price of energy. 

When energy prices increase, it always hurts the economy. 
Not the only problem - but inflation is the biggest issue at the moment. 

The economic impact of Covid, and reducing world wide trade are other issues- but a big problem is the richest 500 people getting richer at the expense of everyone

According to Shitory, Biden and the Democrats are a useless and corrupt cabal, I mean seriously he's said so ad nauseum so if that's the case Trump should win by a landslide. 

May be from an exonomic erspective the following video will indicate what is really going on in thee USA:-

https://www.foxnews.com/media/laura-ingraham-media-praises-bidens-economy-many-new-jobs-go-non-americans

The fact is corrupton is endemic in the U SA in Government - and s tat e expzenditure and it is being fed b y te War in  Ukraine.     There has been no audit of the U S D ense f orce expenditure since 2003 and n audit of any budgetary assistance fuding provided tio Ukraine.   Thiose two issues indicates that proper administrative cntrol is missing.    As an example - of the aid funds provided to help people to ovrcome the effects of COVID $5,4 billion according to the Audit Services report went missing.and instead of clearing up the mess and try to recove money or arrest the officials and politicians involved nothing haa been done.    

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 Duplication

 Denny 

"On Friday, the S&P 500 rose by +1.11% , the blue chips Dow Jones index was up by +0.80%, and the tech-heavy Nasdaq lifted by +1.24%."

The above  peccntages are not  gone up sharply.   The Headlne does not really indicate "Sharply" - bazsed on the incease percentages not supporing  the sharply statement.