The Big Macro
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 April 2021
⏱️ 19 minutes
🧾️ Download transcript
Summary
For the first time in forever, we’re talking about The Big Macro (aka, the March jobs report) and the ripple effects for hiring across various industries. GameStop announced plans to sell millions of shares of its own stock, but what will they do with the money? Jason Moser analyzes those stories, discusses the big weekend box office numbers, and previews The Masters!
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Transcript
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| 0:00.0 | It's Monday, April 5th. Welcome to MarketFullery. I'm Chris Hill with me today, Mr. Jason |
| 0:07.7 | Meuser. Good to see you. Good to see you. How's everything? |
| 0:11.4 | Things are good. We've got a new data point for the great reopening. We've got news from |
| 0:16.9 | the stock of the year, but we're going to start in a place that we almost never start |
| 0:21.9 | on this show. And that is, we're going to start with the big macro because last Friday's |
| 0:27.3 | jobs report for the month of March was kind of a stunner. Unemployment fell to 6%. There |
| 0:35.1 | were 916,000 jobs added in the month of March. We also got revisions for January and February |
| 0:42.8 | that added another 156,000 on top of that. Big gains in leisure, hospitality, construction. |
| 0:51.6 | We can go in any number of directions. Where would you like to start? |
| 0:55.1 | Yeah, I mean, you're right. We could go in any number of directions. And I think generally |
| 0:58.8 | speaking, virtually all of this is really good news. I mean, you could sit there and parse |
| 1:03.9 | the data and talk about you six versus you three and the true unemployment rate is still |
| 1:10.6 | in double digits. And I mean, that's fine. There's a case to be made there. But really, this |
| 1:15.1 | is my thing more about the trend. And it does seem like things are moving all in the |
| 1:20.0 | right direction. I think the good news is that this is yet another sign that things could |
| 1:24.9 | be on a sustainable path forward. I think they are given everything that we know about |
| 1:31.6 | vaccines. At this point, vaccines administered, obviously moving in a very, very quick pace |
| 1:37.8 | CDC publishing data showing that once you've been vaccinated, you are not not passing this |
| 1:43.8 | virus on. I mean, there is a lot of positive data out there that really should be leading |
| 1:48.1 | to more good reopening news, I think, just as April goes on into May. That's all great. |
| 1:55.4 | I think the bad news that comes from this, and I mean, you could probably assume this |
| 2:00.2 | was going to be the case regardless. There's probably bolsters the likelihood that we see |
... |
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