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- Jun 5 Weaker economic data is still the big news
Market
The ADP payroll number was weak as was the jobless claims. The noise on Tesla CEO Elon Musk with President Trump did not help, but the economy is faltering. Expect more bad news to move markets lower now." 😦 😔
This still feels like a trap, so I am not taking long positions yet. But all indices were higher
The markets moved lower today with the S&P 500 down 0.7%, Nasdaq off 1.1%, and Dow slipping 0.4% on a) an unexpected rise in weekly jobless claims to 247,000, b) a weaker-than-expected ADP payroll report, and c) job cut announcements by Procter & Gamble.
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Today’s video is on Ionq $IONQ ( ▼ 2.25% ) the leading quantum computing pioneer.
