To The Moon

Good timing for bargain hunting! 

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$NVIDIA Corp(NVDA)$ 

In a surprising turn of events, the U.S. economy added a robust 256,000 jobs in December, significantly surpassing the 155,000 jobs economists had predicted, as per the latest report from the Bureau of Labor Statistics released on Friday. This figure represents a notable increase from November's job growth of 212,000.

The unemployment rate also showed improvement, dipping to 4.1%, which is one-tenth of a percentage point lower than anticipated. This suggests a strengthening labor market, despite earlier concerns about economic cooling.

The 20-year Treasury yield has also seen a substantial rise, now standing at 5.065% after an increase of 8.7 bps. This movement in longer-term yields suggests investors might be adjusting their expectations for future inflation or are seeking higher returns for longer-term investments amidst economic uncertainty.

In parallel news, the minutes from the Federal Reserve's December meeting, disclosed on Wednesday, revealed a cautious stance among officials. They expressed concerns regarding inflation and the potential impacts of incoming President-elect Donald Trump's economic policies. This has led to indications that the Fed might slow down on any planned interest rate reductions in 2025, aiming to assess the broader economic implications first.

Market Reactions:

Dow Futures: Plunged to 42,521.00, a drop of 357 points or 0.83% from the fair value of 42,895.06, implying an open at -374.06.

S&P 500 Futures: Saw a decline to 5,895.50, down by 63.75 points or 1.07% from the fair value of 5,961.27, with an implied open of -65.77.

NASDAQ Futures: Fell to 21,082.50, a decrease of 278.25 points or 1.30% from the fair value of 21,357.61, suggesting an implied open at -275.11.

These market movements reflect investor reactions to the unexpectedly strong job numbers coupled with the Fed's cautious approach to monetary policy adjustments in the near future. 

As we move forward into 2025, all eyes will be on how these developments influence economic strategies, especially with significant policy changes on the horizon.

I believe all the "negative" news has been released; the "bad" news will be fully priced in today, as such, today will be a very good day for bargain hunting. 

I expect the market to recover most of the lost ground by today's close.

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