Market Event which could bring trading opportunities
The jobs report unexpectedly disappointed. April Non-farm Payrolls came at 266K vs. 1M consensus. April Non-farm Private Payrolls came at 218 vs. 820K. This is important because the market is trading higher and especially this is contrary to what I would expect given the news from the FED, heads the financial stability committee, Lael Brainard,
Here is some info to consider about the news of yesterday that moved the markets lower. Today are getting back to yesterday’s levels. Only 0.3% of Americans make more than $1 million annually based on third-party data. The US tax laws are complex and there are tools to bypass the tax increases. The changes proposed