My Gut Feeling for Today, July 6, 2024 ($)

0 Flares Twitter 0 Tweet Facebook 0 0 Flares ×

I would prefer to begin by suggesting that you read Jeff Miller’s preview to the June Employment report.

Overall, from a trading perspective I think that the report is a flip of the coin. My gut tells me that there is a bias on the part of traders on the under. Any print of 150,000 or more jobs, a positive surprise will ignite a further rally. On the other hand, after a solid beginning to July, anything less than expected could take away the constructive advance we have had in the last few sessions.

No matter which way the ball bounces, I expect that the markets will dry up by about noon. I would like to be on the lake by this afternoon.

Amazon (AMZN) wants to build a smartphone. I don’t see how that can be much of a market taker.

Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView Asset Management, LLC had no positions in stocks mentioned — although positions can change at any time.

Scott Rothbort is also the publisher of the LakeView Restaurant & Food Chain Report, a newsletter focusing in on food, restaurant and agricultural stocks. You can subscribe at www.restaurantstox.com

Chat with Scott all day in “The Finance Professor’s Classroom” with your Platinum subscription to Wall Street All-Stars.

You can email Scott at [email protected]

0 Flares Twitter 0 Tweet Facebook 0 0 Flares ×
Scott Rothbort

Scott Rothbort

Scott Rothbort has over 25 years of experience in the financial services industry. He is the Founder and President of LakeView Asset Management, LLC, www.lakeviewasset.com a Registered Investment Advisor specializing in customized separate account management for high net worth individuals. In addition, he is the founder of TheFinanceProfessor.com www.thefinanceprofessor.com an educational social networking site where his blog also resides; and, publisher of The LakeView Restaurant & Food Chain Report www.restaurantstox.com , a newsletter focusing on investment and trading ideas in the food, restaurant and agricultural sectors. Mr. Rothbort is also a Term Professor of Finance at Seton Hall University’s Stillman School of Business, where he teaches courses in finance and economics; is the Chief Market Strategist for The Stillman School of Business; and, the co-supervisor of the Center for Securities Trading and Analysis. Feel free to reach out to Scott Rothbort by email at [email protected]