Yesterday, the market rallied on the strength of a jobs report that exceeded expectations.
The Labor Department said that the US economy added 317,000 new jobs in the month of December; the expectation was for 176,000 jobs.
In addition, Federal Reserve Chairman Jerome Powell said that the Fed will exercise patience in raising interest rates.
This combination of good news sent the Dow up 3.29%, the S&P 500 up 3.43%, and the Nasdaq up 4.26%.
Now, I don’t know if this rally will continue but I do know that trying to time the stock market by jumping in and out will not work…this is just another great example of why!
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