Huge Gain in Jobs Report (๐Ÿ‚ or ๐Ÿป?)
Is todayโ€™s report a sign to be bullish or bearish? How should we utilize this data to make investing decisions going forward?
Letโ€™s start with am I bullish or bearish? ๐Ÿ‚ ๐Ÿป
Right now, Iโ€™m still bearish. ๐Ÿป
That doesnโ€™t mean we arenโ€™t doing deals, but there is a lot of risk in the market right now. Although our most recent listings have been grand slams in terms of attention on market there is a lot of uncertainty.
An example being the job gains reported still puts us at a year over year job loss; if the next 3 months of data yields continued gains month over month then Iโ€™ll likely flip bullish come January/Feburary.
If that data looks good then Jerome Powell may have avoided the recession and actually pulled off a soft landing. During this time will be the optimal time to purchase as things will quickly flip positive and large swings to the upside โ€“ including REAL ESTATE ๐Ÿก
Weโ€™ve continued our purchasing throughout this time period and held onto as much property as possible. Looking forward to a post election world.
What do you think? What do you think will happen?
Going to the Moon ๐Ÿš€ ๐ŸŒ•
Recession. Bad. โ˜ ๏ธ
Unsure ๐Ÿซค
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Austin Sweat
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Huge Gain in Jobs Report (๐Ÿ‚ or ๐Ÿป?)
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