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The Jobs Report Was Ugly and Stocks Rallied Anyway. The Bulls Have It.

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Breakdown

0:00lesson

Show format update

  • 15-minute show standard
  • Monday extended to 30-minutes
  • Educational focus varies by mood
2:03ES· ticker

Jobs report weak, equity rally

  • 23k jobs lost vs 85k expected
  • Interest rate cuts anticipated
  • Equity rally triggered
  • TLT up 0.14%
  • Bonds in bear market since 2020
4:08ZB· ticker

Bond market stagnation

  • ZB unchanged post-report
  • Bonds in 6-12yr bear market
  • Equity money shower ongoing
  • Rectangle pattern critical
6:31SPAC· ticker

SPAC price recovery

  • Approaching 135 IPO price
  • Share release paradoxically bullish
  • Insiders unlikely to sell
  • 25% recovery from lows
8:36SOL· ticker

Semiconductor ETF bearish

  • SOL prospectively bearish
  • Miners GDX up 7%
  • Gold GLD at triangle pattern bottom
  • Silver SLV near rectangle base
10:35Microsoft· ticker

Microsoft bullish rebound

  • 350-500 rally (40% gain)
  • Lifetime high approached
  • Consolidation expected
12:39Meta· ticker

Meta volatile recovery

  • Gap up rally then consolidation
  • Lower highs pattern
  • Lifetime high at 315
12:40Apple· ticker

Apple underperforming

  • 10% below lifetime high
  • Stable long-term performance
  • Earnings-driven drop
12:41Caterpillar· ticker

Caterpillar earnings fallout

  • Trend line resistance broken
  • Earnings gap failed to sustain
  • Support at prior low
12:42Crude Oil· ticker

Crude oil base formation

  • Wednesday low likely support
  • Iran activity risk
  • ENQ below resistance line

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