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Wow, wow, wow: payrolls for August and September were raised way up. Huge revisions upward. Not being reported; too much happening.
Huge participation rate. Have to go back to the 1970s to see participation rates like this.
Broad-based gains.
XLNX; pre-market goes over $200.
PFE: up 12%. Up $5.00, from $43.85 to $48.45. Up over 10%.
PTON: now down 33%.
Dollar spikes.
Ten-year treasury: 1.528%. Now, 1.519. Inflation? What inflation? Now, 1.535.
Jim Cramer will be more manic than ever.
CNBC: medical analyst / contributor — COVID for the US is so over — Dr Scott Gottlieb.
Dow continues to surge.
Productivity with wage growth minimizes inflation but productivity report yesterday, not good.
Now Jim Cramer, reiterates: CNBC: medical analyst / contributor — COVID for the US is so over.
It’s over. “The war is over.” November 5, 2021. It will take awhile for the market to confirm this. The Brandon administration needs to get out in front of this: grab this bull by the horns and declare victory: ditch the daily Covid briefings; ditch the mandate talk (just do it); ditch the masks.
WTI: up 80 cents. Now, $79.61.
Deere: fastest way to end the strike? Management needs to take their incredibly generous offer off the table. That will get Joe Six Pack’s attention. Harsh? Yup. Tough love.
Fed: reiterating — June, 2022, rate increase may be off the table. Turnaround in autos starting to be seen. Supply chain problems seem to be resolving. If these problems correct, fed rate increase won’t be needed. Remember: Jay Powell, this week, clearly said about whom he was most concerned. He was telegraphing he does not want to raise rates under his watch. His replacement, if it were to occur, will be even more dovish.
Infrastructure bill: US House could bring bill to the floor today.
Cocked and loaded: I’ve already got my trades loaded.
Uber: shares pop. First profitable quarter.
AirBNB: think about this — four-day weekends are now the norm. Working from home makes it possible. Covid-19 forced folks to learn to work from home. Four-day weekends make AirBNB concept work.
Michelob weekend: it’s here.
Market open.
Holy mackerel: AAPL surges.
All three major indices trading at record highs.
UNP up $1.60.
SRE; up $1.72.
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