Oct '24 • General discussion
Huge Gain in Jobs Report (🐂 or 🐻?)
Is today’s report a sign to be bullish or bearish? How should we utilize this data to make investing decisions going forward?
Let’s start with am I bullish or bearish? 🐂 🐻
Right now, I’m still bearish. 🐻
That doesn’t mean we aren’t doing deals, but there is a lot of risk in the market right now. Although our most recent listings have been grand slams in terms of attention on market there is a lot of uncertainty.
An example being the job gains reported still puts us at a year over year job loss; if the next 3 months of data yields continued gains month over month then I’ll likely flip bullish come January/Feburary.
If that data looks good then Jerome Powell may have avoided the recession and actually pulled off a soft landing. During this time will be the optimal time to purchase as things will quickly flip positive and large swings to the upside – including REAL ESTATE 🏡
We’ve continued our purchasing throughout this time period and held onto as much property as possible. Looking forward to a post election world.
What do you think? What do you think will happen?
Going to the Moon 🚀 🌕
Recession. Bad. ☠️
Unsure 🫤
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Huge Gain in Jobs Report (🐂 or 🐻?)
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