You probably don’t think much of the news from payroll processing firm ADP:
But it’s a refreshing reminder of where the market could be headed next week, and it offers you an excellent chance to prepare and profit instead of getting steamrolled.
Here’s the short story short:
The new release from ADP shows companies added 113,000 workers in October (up from 89,000 in September but below the Dow Jones’ consensus estimate of 130,000).
Here’s a quick rundown of sectors with notable job gains:
- Financial activities (21,000).
- Leisure and hospitality (17,000).
- Trade, transportation, and utilities (35,000).
- The education and health services sector (45,000).
This suggests the labor market is still strong enough to support robust consumer spending, but the handwriting on the wall says employment is below expectations.
In other words, the labor market is moving as the Federal Reserve wants it to. And there’s a decent chance it will consider halting or slowing down interest rate hikes.
This is a business owner’s dream because it means lower borrowing costs, reduced operation costs, more investments, and higher demand for goods and services.
But for us traders, we don’t really care if the Fed increases interest rates or not.
Or that stock prices are moving up, down, or sideways due to their policies.
We only care about price movement because as long as the market is open, there’s always room to make good money whether stocks go up, down, or sideways.
You just need to look in the right places, and if you’re unsure where to look…
Come behind the scenes to see how we monetize oil & gas price movements.
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.