On the SPOT blog (08/05/2022) [A..]
Updated: Aug 30, 2022
Another calm finish on the Wall Street today after a strong jobs report this morning. Charts seem to indicate that perhaps there was some profit-taking after that news probably due to fears of rate hike. AFAICT, it was good news in that economy seems to be in good shape and there are no signs of serious recession as yet. I think next Feds' meeting is in second half of September so the fear was perhaps subdued. I think Berkshire Hathaway reports over the weekend. It will be interesting to read Warren Buffet's and Charlie Munger's (and perhaps Greg Abel's and Ajit Jain's) commentary about the economy.
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