The Trading Report

The Jobs Report should be renamed “The Trading Report.” It’s great for a trade but as for investing, it’s irrelevant. To invest in something, it’s really helpful to believe in the credibility and reliability of the number. The Jobs Report is neither of those. It is volatile, it is poorly counted, it is revised often and dramatically - it is not credible or reliable. Don’t you find it interesting that the media doesn’t interview investors immediately before the Jobs Report is released? Typically, they focus on economists. Once again, economists are not known for investing success.  Based upon the consensus vs. actual numbers of the most recent months of the Jobs Report, they aren’t too good at economic estimates either.  Enough said. Don’t you find it interesting that the media doesn’t interview investors immediately after the Jobs Report is released? Typically, they focus on traders like Jack Bouroudjian. Enough said. The Jobs Report is all about trading. If you are a trader, enjoy it while it lasts. I hope your daytrading skills are superior. If you are an investor, I suggest you ignore the Jobs Report altogether and spend time on fundamental and technical analysis of individual stocks.