A JOLTS Report Jolt, Continued Perversion of the Markets & 401(k) Rollovers

A JOLTS Report Jolt, Continued Perversion of the Markets & 401(k) Rollovers

The Money Wise guys weren’t preempted by football this week! They’re back in the studio with another episode full of investor news, engaging debate, and some wise-cracking, too. They kick off the show with a market update, and last week saw the Dow down. 0.3%, the S&P 500 up 0.5%, and the NASDAQ up 1.6%. YTD the Dow is up 0.8%, the S&P is up 12.2%, and the NASDAQ is up 28.3%. It’s the first show since Q3 ended, and it was a negative quarter for all major market indices, with most of the negative performance coming from the month of September. Q4 has now begun, and Friday’s rally saved it from being a negative first week. It was all about unemployment numbers, and the consensus expectations for the JOLTS report, in particular. These jobs numbers came in way above expectations, with more than a million more jobs available than what was anticipated. The ADP report jobs were also high, so futures went immediately south, interest rates immediately spiked up, and we saw the market algorithms take over once again. The guys also discuss two things that drove the markets negatively in September, what’s happening with volume, and the technicals they’re watching. 

What is the JOLTS Report?

The Money Wise guys discuss the JOLTS Report in this episode, and this refers to a jobs report from the Bureau of Labor Statistics. The JOLTS Report stands for the Job Openings and Labor Turnover Survey, and it produces data on job openings, hires, and separations. The JOLTS Report is generated monthly and often impacts the markets, especially when coming in much higher than expectations. You can learn more about the JOLTS Report here.

In the second hour, the Money Wise guys discuss 401(k) Rollovers. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.