Posted 3/11/2024, 12:22:53 PM
Strong Job Growth in March, But Markets Drop on Fed Rate Fears
- Job growth was strong in March at 275,000 jobs added, but unemployment rose to 3.9%
- Markets dropped on Friday despite the strong jobs report, due to concerns the Fed may be less likely to cut rates soon
- There is fear the Fed wants to see higher unemployment and inflation before cutting rates
- The markets showed a lack of correlation on Friday across indices, bonds, commodities, etc.
- Trading involves substantial risk and losses can exceed deposits; volatility circuit breakers may make exiting positions difficult