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Forget about being too hot or too cold, we've got a serious "Goldilocks" market going right now.
Sure, it would be easy to say that the February jobs number from the U.S. Labor Department is arguing that the economy is too hot and all too tempting for the U.S. Federal Reserve to turn off the heat with interest rate hikes. After all, 313,000 new jobs estimated by the survey is a monster number.
And that number gets even better – the trailing two-month revision for January and December boosted the job count by 54,000.
And then there's the unemployment rate calculation that has the U.S. unemployment rate at 4.1% – a 17-year low.
Considering all of this, the bearish argument would say something like, "Well, the economy is way, way too hot, and that's really bad news; it's going to end poorly for the markets."
But let's let those bears stay in hibernation.
Because as we dig further into these the numbers, we find that there's lots to like…
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About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.
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