The nonfarm payrolls number for the year ending March 2024 was revised lower by 818,000, the largest revision since 2009. It's a signal that the labor market maybe cooler than initially thought.
He believes the market has gone"through a catharsis" over the last couple of weeks, saying it"really had an adjustment. It was overextended by leverage." Dover is stressing to his clients that they maintain a balanced portfolio with exposure to fixed-income and an emphasis on"strong, quality companies" on the equity side.The S and P 500 near a new all time high after jobs added for the year ending March 2024 was revised lower by just over 800,000.
We're seeing the gas come out of that just a little bit, the S and P and the NASDAQ pairing some of those gains and the dow is now under pressure.
We're a little concerned about the equity markets um getting ahead of themselves, but that said we see positive results in the equity market um over the course of the last year, next year. Um Another thing to look at, of course is the dollar, we're seeing the dollar fall as, as other economies have dropped interest rates prior to us dropping it.Temperatures peaked around 80 degrees Tuesday. On a day like that, the temperature inside a car can reach 109 degrees Fahrenheit within 20 minutes.LINCOLN, Neb.