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Conflicting Job Numbers and Robinhood's Breakout | Next Week on the Trading Floor
Wealthion - Be Financially Resilient
English - June 10, 2024 09:38 - 21 minutes - 19.5 MB - ★★★★★ - 276 ratingsInvesting Business assets volatility felix zulauf Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Recession Worries, Roaring Kitty and Investing | Weekly Market Recap
"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 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. Vale 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.