It is pretty much the best news we could have gotten. The number of jobs grew (good for people) but slowly (good for inflation). But the main impact was a surge of 600k people joining the workforce. That should really help take up the slack of unfilled jobs without wage inflation (good for inflation). This 600k extra people is why the unemployment rate ticked up to 3.8% since not all of them got a job right away.Bad news is good news.
Unemployment up to 3.8%. Pre-Market liking it.
PATH looking good so far.The market is pricing in a November quarter-point rate hike. Everything down in premarket.
PATH holdings its head above water.
But the character of the neighborhood! Who will protect the endless sea of strip malls, parking lots, and stroads from the scourge of duplexes and townhomes [in suburbs] and denser infill in cities?I’m seeing that excluding shelter from CPI and inflation would have been 1% annualized … At what point are we smart enough to say that fed rate hikes aren’t the right hammer to fix that problem and that building more housing is? In fact at least for buying a home the fed is making it even worse by locking people in. Inventory here is historically low. I kind of want to move but refuse to drop my 2.8% 30 year loan at the moment and same for many other people.
Almost did but chickened out considering how IPOs have gone in the past.
This one has momentum behind it. Fueled by a glut of any new tech IPOs that aren't SPACs in combination with this one being connected to AI chip technology.
I was more excited about ARM when Nvidia was trying to pull it under it's wing.
I agree with AdamK47 - I'm not a big IPO fan. I got into Cava and am down 24% in one account and 18% in another. I'm glad it was only a small amount of shares, but my plan is for the long term.
Took my nibble out of ARM.Triple witching day. Broader market is pulling down ARM. Might be a good opportunity to buy today.
Edit - Put in an order for 800 shares with a buy limit of $62.
And sentiment did change. Down 7% right now. And that is still in the lock-up period meaning many big players can buy but not sell. I can see a dip when that occurs and if that happens, then it'll be a buy.Sentiment could change over the weekend.
Some talking head on Bloomberg was predicting it going down to a $40 level. Not sure if he was mainly focused on fundamentals. It's connected to AI so who knows where it might actually go.And sentiment did change. Down 7% right now. And that is still in the lock-up period meaning many big players can buy but not sell. I can see a dip when that occurs and if that happens, then it'll be a buy.