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10- 7-24 Millennial Earnings Season Begins
This week marks the start of earnings season for Q; the 2024 Election and the next FOMC Meeting also add volatility to markets. Friday's Jobs report came in stronger than expected (leaving one to wonder what kind of revision to the numbers is to come). Within the report, 700k gubernment workers were added. The S&P on Friday rallied on the employment news, but that also pretty much killed any chance of a 50bps rate cut by the Fed. Markets are now in a consolidation period, setting up for a corrective cycle a head of the 2024 Election. Lance explains the bullish and bearish takes of technical…
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