4.7 • 1K Ratings
🗓️ 5 May 2025
⏱️ 22 minutes
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0:00.0 | Hello, fellow rebel capital. Hope you're well. Stock market rips higher. The jobs number blows out |
0:07.3 | expectations. So we have to ask the question. Has the recession that everyone has been predicting |
0:15.2 | been canceled? Is it over? Are we headed straight back to all-time highs in the stock market? |
0:23.3 | And should you have bought this dip, is gold going to continue to go down? Because now we don't have all this uncertainty. |
0:30.0 | Now we have more certainty than was priced into the gold market because Trump's going to be rolling back all these tariffs. |
0:37.5 | We're doing a big, fat, beautiful deal with China and everything else that you've been hearing |
0:45.3 | about in the mainstream news. Excuse me, mainstream media. I can't even say that word without |
0:50.9 | barfing. All right. Well, let's check out what happened today. |
0:54.2 | And then let's go over to the BLS because I want to dive into the labor number, the non-farm |
1:00.3 | payrolls because it wasn't just about the headline number. You got to look beneath the hood. |
1:06.2 | So we're going to do that right now. But before we get over there, let's look at what happened in markets. |
1:11.7 | And by the way, it's not so much the stock markets, the bond market. The bond market, if the stock market had been |
1:17.9 | down today and the bond market did what it did right now, I would be saying, hey, we might have |
1:24.0 | another liquidity event that could take the stock market down, who knows, |
1:29.5 | you know, four or five percent on Monday, maybe even more. |
1:32.9 | But that's not my call, to be clear. |
1:36.1 | That is not my call because of what stocks did. |
1:38.7 | So I think the massive jump we saw in yields today was more a knee-jerk reaction as a result of the |
1:47.9 | non-farm payroll numbers along with the ISM numbers, which for me is bizarre because sure, |
1:56.4 | they beat expectations, but they're still terrible. |
1:59.6 | So I don't know. |
2:01.1 | Let's shoot over to CNBC first and foremost, guys. |
... |
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