Algo traders have been hitting energy, industrial and real estate sectors while tech has plateaued.
Meanwhile, jobless claims have risen, which may lead to the Federal Reserve holding off on raising rates.
Initial claims came in at 261,000, which means the jobs market isn’t as tight as the Fed would like for us to believe.
The four-week moving average for this number is about 230,000. I’ve been saying this week that if the number comes in up to around 240,000, then there are no major issues…
But if it starts moving higher, that’s going to be a negative…
In today’s video, I’ll cover whether I’m bullish or bearish on tech… if bonds ready to sink or soar… how jobless data is impacting next week Fed meeting… the chances the Fed will now increase rates next week… what I’m seeing in the broad market next… and how to navigate the current economic landscape without stepping on land mines!
P.S. 3 Must-See Stocks For Friday’s Live Trading Session With Lance
If you haven’t already signed up for Lance Ippolito’s live session at 1:30 pm ET today, June 9…
You might want to do that now.
Because, in just a few hours, he’ll share his Master Indicator Weekend Watchlist…
And I think you’ll want to check it out!
Earlier this week, Lance gave out his No. 1 Accelerator Stock for June, and that bad boy popped BIG TIME…
But he has a couple of more that he thinks you’ll like..
So if you want to sign up to join his 1:30 p.m. session and see what he’s up to…
Go Here Now, and Lance Will See You Soon!
