Positive news for America from President Biden and the Democrats

@MrWhatsItToYa

Several months ago I balanced my portfolios to a near 50 - 50 split between the S & P 500 and the DOW. I now have 6 $$$ figures in each, and this turnaround over the past few months is rather pleasing. 

Though if AI takes off as I expect it will I will likely shift more over to the tech heavy S&P 500.....wait & see at this point...

Nevertheless, the rise in the 3 majors here is obviously good news for a sizable proportion of Americans (about 35 - 40%), regardless who is in the WH.

For now, the labor market appears to be on solid ground, economists said, noting the latest claims data in the broader context of the strong job gains.

“Most labor market indicators show progress toward a rebalancing in supply and demand, but that is happening without a rise in layoffs,” Matthew Martin, US economist with Oxford Economics, wrote in a note on Thursday. “Though seasonal factors overstate the drop, the low levels of claims suggest vacancies rather than employment continue to bear the burden of softening labor demand.”

@fubah2

 Labor markets, do you really believe that stuff you posted? The real figure you need to focus on is average hourly earnings. This economy is divided into two groups, the segment of upper and middle class jobs then a massive chasm/divide to the lower class who are working no savings no future two jobs forever to make ends meet. So that UE number can be whatever they contrive it, if the average worker isnt saving and has to work multiple jobs to make it work that is not the sign of a strong labor market.

The more people have to work multiple jobs and longer hours without savings the more it is a massive burden on society when those people start to age and cannot work two or three jobs and need benefits and financial assistance. 

@wallstreetcappers

 You can speak facts to this surface level poster. They love headlines and believe everything MSM tells them to believe. Doesn't spend the time reading further into the numbers for if they did, they'd realize that more than 1/4 of the jObS aDdEd were government jobs and many people are having to take on second, hell maybe even third jobs to keep up. Lets be real, gov't jobs just suck funds from tax paying citizens. Gov't jobs rake in benefits and that's what 95% of gov't employees signed up for. The only people that can't see what's really going on are the people that only care about themselves and can not see the struggles of many. They don't realize that everyone is in the same boat and when the many struggle, it catches up with everyone in the long run. 

@BigGame90

 Not sure I completely agree with that conclusion, I think a few members do not want to engage because of the combative nature of the forum so some will post partisan info just their baseline info and because the other side is so blatantly combative they are not wanting to fight as a means of conversation. Ive gone through stretches of the same over the years where I say less because discussion for the most part does not exist and the true number of posters who will exchange messages and be civil even if they 100% disagree is few. I dont blame some in that group for not posting, the environment here for polar viewpoints is brutal so why take the risk when they see over and over how personal, partisan and nasty most here are towards the "opponent"?

Thursday’s Labor Department report also showed that continuing claims, which are filed by people who have received unemployment benefits for at least one week or more, decreased to 1.806 million for the week that ended on January 6. Those totals are down 26,000 claims from the prior week’s downwardly revised level of 1.832 million.

Continuing claims, which could give an indication of how easy it is for unemployed workers to find jobs, are at their lowest level since October 2023! 

The US economy ended 2023 with a bang! GDP rose by 3.3%!!

Business Insider -
US economic growth in the fourth quarter of 2023 was stronger than previously estimated.
Real GDP grew at an annualized rate of 3.3% in the fourth quarter!

That's above the forecast of 2.0%! 

markets doing well today 

International monetary fund is projecting that US will have the best economic growth among advanced economies in 2024.  Ahead of Spain and Canada.

markets reacting to todays good news from labor dept

and on another strong run        BIGLY !

@thirdperson

Thanks, thirdperson!  More good news for America!

Meanwhile Chinese stocks are tanking! 

@KellyM_1964

 Nor I.    In an indirect way - more politically - their loss is our gain...

Stocks surge Friday,

led by tech and fueled by jobs

US stocks rose on Friday as investors continued to parse strong tech earnings and a searing jobs report.

The Dow rose 135 points, or 0.4%. The S&P 500 gained 1.1% and closed at a record high. The Nasdaq Composite climbed 1.7%.
All three major indexes ended the week higher.

The US economy added a staggering 353,000 jobs in January, blowing past economists' expectations of 176,500 jobs last month

@fubah2

 im expecting to see a selloff for profit grabbing early in the week but i bet it rebounds again by friday 

@Zeus4par

 Well, if not this coming week then by the end of next week - barring unforeseen negative circumstances. 

My feel is the DOW likely to cross 40 at some point in the spring or early summer!  I'm spread almost evenly in both and this is a welcome change from the financial crisis under the republicans almost 4 years ago.

Small sell off today.  Did you get in on some action?

Probably tomorrow as well.  But I don't anticipate this to persist much longer though so I'm just standing pat for the time being as I like my chances for the continuation of a solid upward trend at least until the day before election day.   But if the fascist crime boss/convicted-sex-offender is somehow elected despite being a far worse candidate than Biden,  there will be a LOT of turbulence in the markets, particularly if more punishing tariffs are enacted.

HEADLINES today . . .

Border patrol endorses Dem proposal!

WASHINGTON — As conservatives in Congress have blasted
the new bipartisan border agreement for not going far enough,
the legislation earned a key endorsement on Monday:
the labor union that represents U.S. Border Patrol agents!!

@fubah2

""" the labor union """"   not the actual boots on the ground.  

more than likely  at some point  no later than august

Sure but I would anticipate between early April and early June is the most likely target