Hey, I'm Kramer.

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When you get a strong employment report like we did this morning,

it does a lot of things that you need to know about. First, it takes a New York term recession kind of off the table.

Very difficult to have recession with 4.2% unemployment rate. That's just too much to be here for workers.

Second, it tends to discourage the Fed from cutting rates, which matters

because they meet next week. Third, it can cause an explosive rally as long as wage

growth isn't too hot.

And that's why the Dow awarded 564 points say has to be shot up 1.47%. That's like

poleful to 1.51%.

House of pleasure. We get so many different numbers out from the government, but none are more important than the labor report.

That is the real predictive power when it comes to the stock market. So keep in mind that today's rally may not be one off as we go through our game plan for next week.

But first, let me just say we're over the hump.

We've now had companies that reported fabulous numbers like Microsoft and meta,

good numbers like Amazon that I think will get terrific as the year goes on,

which is why I say you buy Amazon, but also some strong numbers that

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