The September jobs report, released Friday, showed 254,000 job additions, far exceeding the expected 150,000. Ned Davis Research Chief U.S. Strategist Ed...
released Friday, showed 254,000 job additions, far exceeding the expected 150,000. Ned Davis Research Chief U.S. Strategist Ed Clissold joins Market Domination Overtime to discuss the implications of this strong data.
He emphasizes that recession fears are overblown, stating,"We can put that to rest." He adds"if you're worried about recession, that is a late 2025 problem."Um I'm curious if you saw that report.The inde indeed, the soft landing looks like our base case was gone. So I think today's news combined with Powell's comments earlier in the week, tell us that the fed is on course to do what's objective is, which is to bring interest rates down slowly.
So what we've been telling NDR clients is watch the bond market because unlike last decade, when rate, interest rates were so low, it didn't matter.If rates back up too much investors are gonna make a decision, I'm gonna switch from bonds to, to, um, from stocks to bonds.
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