- US stocks closed at record highs on Friday after President-elect Joe Biden demanded trillions of dollars in immediate further fiscal support following the weaker-than-expected jobs report.
- American businesses shed 140,000 nonfarm payrolls last month, missing consensus economist estimates that foresaw 50,000 job additions.
- US stocks closed at record highs on Friday to finish out the first week of trading in 2021. After the market reversed lower mid-day, stocks recovered as President-elect Joe Biden demanded for trillions of dollars in immediate further fiscal support, citing the weaker-than-expected jobs report. The Dow Jones industrial average and S&P 500 closed at record highs. President-elect Biden called for increasing direct payments to individuals after the US saw payrolls drop for the first time since April. American businesses shed 140,000 nonfarm payrolls last month, the Bureau of Labor Statistics said Friday. The reading is weaker than consensus economist estimates that foresaw 50,000 job additions, according to Bloomberg data. Nick Note: as you seeing this market is a bugger. And i do buggers. Hopefully i can continue to “guess” lucky. This rally to new highs was as obvious as the tattoo on Becky’s ass. It was a coup attempt pure and simple. And it failed and in the coming weeks most of the people we know will scratch their ass and figure it out!