SCHW - Schwab's Chart And The March '24 Nonfarm Payroll Report
2024-04-04 23:58:00 ET
Summary
- If there are two stocks in the market right now that are feeling the pain of an inverted yield curve (in my opinion), they are Charles Schwab and the regional bank ETF (KRE).
- A hot jobs number tomorrow (probably +200k net new jobs added in March ’24) along with a lower unemployment and hotter “average hourly earnings” will likely send SCHW trading back down toward $60.
- The point is I believe SCHW and KRE are good tells for monetary policy, maybe much better tells than the constant prattling by Fed Governors, and Wall Street economists.
If there are two stocks in the market right now that are feeling the pain of an inverted yield curve (in my opinion), they are Charles Schwab ( SCHW ) and the regional bank ETF ( KRE )....
Schwab's Chart And The March '24 Nonfarm Payroll Report