“Before there was a roaring kitty pumping up GME, there was one man pumping up the stock market and his name is Jerome Powell.” In this episode of Next Week on the Trading Floor, Andrew Brill and Justin Nugent from Market Rebellion discuss the current market trends and opportunities to watch. They analyze the conflicting job numbers and unemployment rate, and speculate on the Federal Reserve’s upcoming actions. Justin predicts that the S&P 500 (SPY) will reach 6,000 in the longer term, going against the consensus of hedge fund predictions. Vail Resorts is identified as the stock in the penalty box due to missed earnings, while Robinhood is highlighted as a potential winner with its breakout from a long-standing range.
Conflicting Job Numbers and Robinhood’s Breakout | Next Week on the Trading Floor
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