By any normal logic, a roaring labour market is a cause for celebration, right?
Wrong. Welcome to the upside down world of macro economic trading where Good News is Bad News!
Wall Street realised that the Federal Reserve no longer has any incentive to hand out aggressive interest rate cuts at its policy meeting later this month.
What should investors do?
With Nasdaq 100 close to its all time high, the risk of buying at the peak is incredibly high.
Instead of playing the guessing game, why not dollar cost average into $Invesco NASDAQ 100 ETF(QQQM)$ and let the market noise melt away?
That is what I will do as the market always goes up long term.
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