• The jobs numbers came in this week.
• In the entire economy of the United States, only 12,000 jobs were created.
• These are the worst jobs numbers in years! But the market went up.
• Why?
• If you remember from our previous videos, when the Fed lowered interest rates by half a percent, we said that the Fed overdid it, inflation is not done going down and will even start trending back up again.
• People invested accordingly, and we’ve been seeing the market go down for the last two weeks.
• Well, the jobs numbers are so terrible that now some people think the Fed is likely to lower interest rates.
• So now everybody’s excited thinking they’re going to lower rates.
• Why? Cheap money means more profits for companies as well as lower credit costs for consumers, so they buy more stuff.
• All this creates more profits for companies, and, as we’ve always said, profits drive stock prices.
• It seems like every other day investors freak out over the new data that comes out.
• Our view is that you got to look beyond the short-term noise.
• There’s a lot of noise in the system right now: the hurricane, the strikes, the elections, all kinds of stuff.
• Our view is that interest rates will be lower a year from now than they are today.
• That bodes well for stocks and bonds, and therefore we remain bullish, meaning we think the future is still bright.
• In the short run, we could get a correction that’s happened eight out of the last 10 election cycles, meaning a drop in the market of more than 10%.
• We don’t think it will trigger us to sell. If anything, it could be a buying opportunity.
• Having said that, we always think it is important to prepare for the bad times during the good times, and to always prepare for the good times during the bad times.
• With the market having run so far and so fast since October of 22 – we’ve reached 40 new all time highs this year – you might be getting a little worried that maybe this is the top.
• It’s possible, so we are very glad we have our Invest and Protect Strategy ready to be implemented.
• We hope it gives you the peace of mind that it gives us, knowing that we have a strategy to protect you.
• Please subscribe to our podcast! We are starting a whole new adventure with it. It is really going to be wonderful and fun, so we don’t want you to miss it.

Hello and welcome to our Market Alert video for today, which is November 1, 2024 and thank you for watching. I hope this video finds you healthy, wealthy and wise. I want to say a special Hi to all you SCWPerS out there. I hope you are out there SCWPering your tails off, and don’t worry about littering. Okay, we got our SCWPerS tail clean up crews following after you. They’ll get them for you. Don’t worry about it. And for those of you who are not SCWPerS yet, our job is to get you there. We want you to enjoy that second childhood without parental supervision. Nothing gives us more joy and happiness and validation. So we have a lot to talk about. We got the jobs numbers, and they were the worst in years, but the market went up. Why? Going to talk about that. But before we do, I got to tell you, I’m feeling a little melancholy, you know, with Halloween last night. And, you know, my girls are all grown up now, so they don’t do that anymore, but I remember when they were little, you know, one of the things that I did was I, they were actually my little sales people. I missed this, you know, I put dress them up in these cute little costumes, and I’d send them out, and they would procure candy for me. You know, they’d come back with bags of candy, and then I’d go through the bags and take out the candy that I wanted. And, you know, they didn’t know any different. And I know you’re gonna judge me on that. What you’re stealing from your kids? No, I’m saving them from cavities. This is, this is not self serving. This was saving them from cavities and having them procure candy for me. This is a mutually beneficial relationship here. So I missed that. Anyhow, we got the jobs numbers, and worst, 12,000 jobs were created in our entire economy. The entire economy of the United States created 12,000 jobs. Can you imagine how terrible that is? Yet the market went up. Why? Well, because, as we spoke with you about in our previous videos, when the Fed lowered interest rates by half a percent, that’s stimulative, right? And we said that inflation is not done going down yet. In fact, it’s going to start trending back up again. And so the conversation became, well, they made a mistake. They overdid it, so now they’re not going to lower interest rates anymore for a while. And, you know, people had invested accordingly, and now they undid that, and we’ve been seeing the market for the last two weeks go down. Well, guess what happened? The jobs numbers are so terrible that now the Fed is likely to lower interest rates. Oh, yeah, back on the table. So it was off the table, now it’s back on the table. So now everybody’s excited about they’re going to lower rates. And why do businesses and the market like that? Well, cheap money means more profits for companies. Means consumers have lower credit costs, so they buy more stuff. And it’s a virtual circle, and it creates more profits for companies. And as we’ve always said, profits drive stock prices. So it all kind of, it’s, you know, the knee bone is connected to the thigh bone and all that kind of stuff. So here we are with the schizophrenic market. It’s like every other day they freak out over the new data that comes out. Our view is this, you got to look beyond the short term noise. And there’s a lot of noise in the system right now, the hurricane, the strikes, the elections, all kinds of stuff. So you got to look past all of that, and look a year from now and say to ask yourself, Where do you think interest rates will be a year from now? And our view is interest rates will be lower a year from now than they are today. That being said, That bodes well for stocks, bodes well for bonds, and therefore we remain bullish, meaning we think the future is still bright. Now, in the short run, we could get a correction that’s happened eight out of the last 10 election cycles, meaning a drop in the market of more than 10%. Now, something interesting that’s happening right now is that the it’s called the Trump trade, right, in other words, the stock market investors are buying stocks and investments that do well, or would do well, They think will do well if Donald Trump is elected. So those have gone way up. And if you look at the ones that look like you know that you would buy if Harris would win, those are going way down. Now, if it turns out that Harris wins, then that will unwind, meaning people will sell all the ones that went up because they thought Trump was going to win, and they’ll buy all the ones that went down, that Harris, that favor Harris, and that could cause the correction that we’ve been talking about. So having said all of that, we don’t think it’s going to trigger us out. We don’t think it’s going to have us hit our sell signal. We think, if anything, it would be a buying opportunity. If any of you have cash sitting out there that you have been thinking about investing, it might create an opportunity for that rather than, you know, an opportunity to panic and sell. So we still are focusing on a better end of this year and a better next year than we are now. But having said that, the important thing you know is to always prepare for the bad times during the good times, and to always prepare for the good times during the bad times. If you do that, then you’ll make the bad times less bad. You’ll also make the good times less good. But in most cases, that’s probably a good thing. And so the fact that we have our sell strategy, our Invest and Protect Strategy, in place, ready to be implemented. You know, with the market having run so far and so fast since October of 22 and we’ve reached over 40 new all time highs this year, so it might be, you might be getting a little worried that maybe this is getting to the top. It’s possible. And therefore, we’re glad we have our sell strategy ready to be implemented, and I hope it gives you the peace of mind that it gives me, knowing that we have a strategy to protect you. All right, so the other thing I want to make sure you do is subscribe to this video. You know, that’s important. And the other thing also is subscribe to our podcast. You don’t want to miss it. We’re starting a whole new thing with our podcast. They’re really wonderful and fun. I think you’ll really enjoy those so make sure you do that. And then the other thing, of course, is go out and vote. Your vote is important. No matter what state you live in. If you feel that your vote doesn’t count because you’re in a blue state or you’re in a red state, your vote counts. This election is going to be very, very close, and your vote will count, I’m very sure, and it does anyway. It’s your civic duty, and it’s a privilege that we have in this country that many people around the world do not enjoy. So go out and vote and do yourself a favor in the process, you’ll feel good. I forgot to wear my I Voted sticker, so I was going to wear it to show you that I voted, but I have. Anyway. Thanks for watching this video. I hope it finds you healthy, wealthy and wise, as I said, and we’ll talk soon. Bye.

Please note: transcript has been modified after the time of recording. 

Economic indicators and stock market performance cannot be predicted. Opinions expressed regarding the economy and the stock market belong solely to Ken Moraif on behalf of Retirement Planners of America and may not accurately portray actual future performance of the economy or stock market outcomes. Opinions expressed in this video is intended to be for informational purposes only and is not intended to be used as investment advice for individuals who are not clients of Retirement Planners of America. All content provided is the opinion of Ken Moraif, CEO and Founder of RPOA Advisors, Inc. (d/b/a Retirement Planners of America ) (“Retirement Planners of America”, “RPOA”). ©Copyright 2023