Nov 5 The private payroll number was good, negating the earlier Indeed job openings report

$SHOP $GRAB

Market

“The ADP Private payrolls number went up 42K in October easing fears of a large scale labor market upheaval. This data is counter to the Indeed job openings this week, which means the Fed has more inconsistent data to contend with for Dec interest rates” 😊 😋

Good recovery for AI stocks and the market overall

While yesterday’s AI valuation reset was short-lived, the trend from this weeks earnings is that technology companies $SHOP ( ▲ 1.23% )  $SPOT ( ▼ 1.53% ) and $UBER ( ▼ 2.03% ) are still executing well but $MCD ( ▲ 2.16% ) and other retailers are struggling. So this will be a split economy for the Fed to understand.

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Insights from the portfolio

Video of the day

Today’s video is on Shopify $SHOP ( ▲ 1.23% ) the eCommerce and payments company.

Deep dive of the day

Good setups for swing