Aug 31, 2022
(8/31/22) Tuesday's Jolt Report showing stronger employment
jerked markets to attention with the suggestion the Fed may become
even more aggressive in its tightening strategy. However, a closer
look at the employment scene reveals labor force participation
rates are nothing to crow about. The Fed's focus on inflation after
Jerome Powell's post-Jackson Hole speech sparked a sell-off with
follow through yesterday on "stronger" employment data, dropping
below the 50-DMA, the markets' line in the sand. Markets remain
over-sold, giving us the ability for a reflexive rally, and use
that as an opportunity to raise cash and reduce portfolio risk.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton
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