NFP
Added 2024-06-07 13:12:18 +0000 UTCData Out!!! BLOODY DAY? Or maybe not...NFP 272K vs 185K expected, BUT here's the conundrum and that's the Unemployment Rate came in 4.0% vs 3.9% expected. Don't let the NFP fool you it's the UR that's important here this morning and this could be part of the catalyst for rate cut sooner than later.
$SPY Hit our 531 dip buying target per plan, lets see if that holds today or 530, if that holds, I do believe we will recover today fully or by Monday tops.
