Meme trade falls, JOLTS signal normalization: Trading takeaways

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Josh Schafer News

JOLTS Report,US Job Opening

Yahoo Finance's Josh Schafer joins Asking for a Trend to break down the trading day's takeaways. While the US Job Opening and Labor Turnover Survey (JOLTS...

the US Job Opening and Labor Turnover Survey saw job openings fall to the lowest level since February 2021,

Schafer points out that weak data isn't necessarily bad. He notes that in the context of the pre-pandemic levels, May's JOLTS report could signal a normalization.) in the last two months. He notes,"When energy started rallying, we were talking a lot about a potential reflation trade. We were talking about worries and inflation through the first quarter. Energy usually benefits in that sort of scenario.

Schafer's final takeaway is the fall of the meme stock trade after the online return of"Roaring Kitty," best known for the GameStop ranks 8th on our list of the 10 Best Dividend Stocks with 7+% Yield, we have analyzed the stock in detail. High dividend yields are attractive. They show Let’s look at four great TSX dividend stocks you can buy cheap and earn compelling yields. The post 4 Great TSX Dividend Stocks That Still Look Cheap appeared first on The Motley Fool Canada.

Source: News Formal (newsformal.com)

JOLTS Report US Job Opening

 

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