On Friday morning (3/8/15) everybody was surprised when the jobs report blew away estimates. Economists were expecting 230,000 new jobs, and the BLS reported +295,000. Before the shock could wear off, people were shocked again as the raging bull market “celebrated” the good news by plunging. The DJIA closed down 279 points.
People were turned every which way but loose, except for a small elite group of investors who were advised of this exact scenario three full days prior by an email sent by your hero (that would be me in case you are confused on the subject).
How did I do it? Well, economists were frightened by rising unemployment-claims, but just because some people get laid off doesn’t mean that other people aren’t getting hired. And the soaring withholding-tax data that I follow at The Daily Jobs Update was rocketing upward. So, the stage was set for a big surprise – a surprise that would shock investors into visions of Janet Yellen taking away their punch bowl.
While I didn’t cure cancer or deliver world peace, one of the aforementioned elite investors described my call as “beautiful” and “masterful.”
The moral of the story is that you should subscribe to The Daily Jobs Update and gain access to this esoteric, and invaluable, real-time economic indicator.