Mother Of All Reports Goes Against The Stock Market's Consensus Of Immaculate Everything
Portfolio Pulse from The Arora Report
The jobs report, stronger than expected, contradicts the stock market's consensus of 'immaculate everything,' including expectations of multiple rate cuts in 2024. Non-farm private payrolls and average hourly earnings exceeded consensus, while the unemployment rate was slightly lower. This has led to a pullback in the stock market, with SPDR S&P 500 ETF Trust (SPY) falling below the resistance zone but staying above the mini support zone. Money flows in major tech stocks turned positive after the report, and the momo crowd is buying stocks. The article suggests investors consider taking profits and adjusting their protection bands.
January 05, 2024 | 5:59 pm
News sentiment analysis
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NEGATIVE IMPACT
SPY, representing the S&P 500, has fallen below the resistance zone but remains above the mini support zone, indicating a pullback in the market after the jobs report.
The stronger-than-expected jobs report suggests fewer rate cuts than anticipated, which could lead to a bearish sentiment in the short term for SPY.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
SPDR Gold Trust experienced volatile momo crowd behavior in early trade, with smart money activity remaining undisclosed, leading to potential short-term uncertainty.
The yoyo-like behavior of the momo crowd in GLD and undisclosed smart money actions contribute to a neutral short-term outlook for the ETF.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Invesco QQQ Trust Series 1 saw mixed money flows in early trade, indicating uncertainty and a potentially neutral short-term impact on the ETF.
The mixed money flows in QQQ after the jobs report suggest a lack of clear direction, which could result in a neutral short-term impact on the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
iShares Silver Trust's early trade activity is not detailed, but it is likely influenced by similar factors affecting gold, leading to potential short-term uncertainty.
Without specific details on early trade activity for SLV, the short-term impact remains uncertain, likely following gold's market sentiment.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Apple Inc. saw negative money flows before the jobs report but turned positive after, indicating a potential short-term positive impact on the stock.
The change in money flows to positive after the jobs report could lead to a short-term increase in investor confidence and a potential rise in AAPL's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Amazon.com, Inc. experienced a similar shift in money flows as Apple, with a positive turn after the jobs report, which may positively affect its stock price.
The positive post-report money flows could lead to a short-term bullish impact on AMZN's stock as investor sentiment improves.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alphabet Inc Class C saw an improvement in money flows after the jobs report, potentially leading to a short-term positive impact on its shares.
The shift to positive money flows for GOOG after the jobs report could result in a short-term positive effect on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms Inc's money flows turned positive after the jobs report, which may lead to a short-term bullish impact on its stock.
Positive money flows after the jobs report could increase investor confidence and push META's stock price up in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Microsoft Corp's money flows were negative before but turned positive after the jobs report, indicating a possible short-term positive impact on its stock.
The positive change in money flows post-jobs report could lead to a short-term bullish trend for MSFT's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NVIDIA Corp's money flows, which were negative before the jobs report, have turned positive, potentially impacting the stock positively in the short term.
The post-report positive money flows could result in a short-term uptick in NVDA's stock as investor sentiment may improve.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla Inc's money flows have turned positive following the jobs report, which could have a short-term bullish effect on the stock.
The shift to positive money flows for TSLA after the jobs report could lead to a short-term increase in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
United States Oil ETF saw the momo crowd buying in early trade, with smart money activity not disclosed, potentially indicating a short-term bullish impact.
The early buying by the momo crowd in USO could suggest a positive short-term impact on the ETF, although smart money activity remains unknown.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60