Positive jobs report that beat expectations and the market still tanked😳 Talk about a bearish signal, anyone have opinions on this?

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We have had bearish signals for over a year that have been just under the surface… look at manufacturing, commercial vehicles, temp jobs (which lead before headline unemployment). Without mag 7 we have been in recession for a while, so I suspect with all the stagnation right now, today was basically:

“alright cool I got my squeeze, time to take some profits” … and therefore the big earnings actually sparked quite a selloff. Not sure jobs report really make a dent on today’s session be honest.

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Yeah I’ve definitely been waiting for this bubble to burst for a long time, stock market breadth is terrible right now so I agree only thing that’s been holding us up is the mag 7. My strategies been to hold cov calls on SH

likefunny

Cuz busy buying the dip

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