February 4, 2022 The US Jobs report came in, adding nearly half a million jobs in January, causing the stock market to take a dive. Oil prices surge to new heights ($90), and Facebook may become the modern-day dodo bird.
The stock market reacted as per its usual contrarian self by tanking. Why? Well, if the economy continues to boom, the Fed is more likely to raise interest rates.
Wall Street hates anything above zero. So it made its statement.
It won't matter. The Fed will raise rates because the only tool they have is a hammer and everything they see is a nail.
All this and more in today's Morning Sixpack. Get it here.
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Make it a great day!
Bill
🍺 PS - Buy me a beer to keep the Daily Grind News open for business!
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