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A comment on Payroll employment rises by 353K in January; unemployment rate remains at 3.7%. Parent comment

Re:Payroll employment rises by 353K in January; unemployment... by lamontcg on Friday February 02, 2024 @12:00PM (#39231094)
Wall Street is going to wake up pretty soon and realize that strong economic numbers means no rate cuts. And eventually the rate cuts are going to bite into loans which are hitting their maturity dates and rolling over.
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Re:Payroll employment rises by 353K in January; unemployment... by laidoffamazon on Friday February 02, 2024 @02:27PM (#39233036)
OK but we had this for basically all of last year as inflation moderated and jobs kept growing until suddenly good news meant good news to the market.

$SPX is at an all time high right now at $494. That's insane. I bought in at ~$360 in 2022.

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Re:Payroll employment rises by 353K in January; unemployment... by lamontcg on Friday February 02, 2024 @06:57PM (#39236173)
Good, but now you should probably be considering when to exit that trade and book your profits.
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Re:Payroll employment rises by 353K in January; unemployment... by eru on Friday February 02, 2024 @08:55PM (#39236904)
Why? Don't try to time the market, especially if you are a passive index investor. (If you do believe in active investing, why are you investing in the S&P500?)

Just buy when you have money, and liquidate your investment when you need money.

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