Needless to say, using the logic from Econ 101 college course, one might be able to predict that a US strong labor market will have positive immediate impacts on the US economy. These positive effects are (1). GDP grows positively; (2). Estimated corporate’s bottom line will be better. As results, one will see the DOW turns green in the past a couple of weeks (in the second and third week of July, 2023). Right at this moment, no strong and obvious symptoms that will reverse the moves. However, traders will surely cash-in or taking profit. This will come sooner or later. Just be watchful!!

Disclaimer: This post does not suggest any particular trading strategies to anyone in the stock market or any action related to financial matters.