Thursday, November 20, 2025

So Much for the Jobs Report

 11/20/2025


 The INDU SPX and NDX shown all look a like. The markets jumped on the whopping, yes that is sarcastic, 119,000 new jobs report. And then resumed the down trend.  Kenneth Hassett was on Fox defending the great Trump economy, but what about that WSJ article that Texas is slipping, job wise.

The bear market is underway. I don't care how much you love your stocks, eventually all will collapse, see 1973-74. 

Oil and interest rates unchanged but I still believe rates are going higher, not lower. 

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