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VRA Letter: November Jobs Report. Rates Will Continue to Fall. 5-10% GDP Growth. VRA System Update; EOBOS. Bitcoin, GameStop, Tesla, X1.

Good Friday morning. The November jobs report is in and its essentially spot on with estimates except that the unemployment rate jumped to 4.2% from last months 4.1%. The estimate was that 200,000 jobs would be created while the r ...

Posted On December 06, 20246 MIN Read
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Good Friday morning. The November jobs report is in and its essentially spot on with estimates except that the unemployment rate jumped to 4.2% from last months 4.1%. The estimate was that 200,000 jobs would be created while the report came in at 227,000 jobs, with just slight revisions higher over the last 2 months. Also of importance, average hourly earnings grew by .4% for the month (4% growth y/y).

Our view remains unchanged; Under Trump we expect to see US GDP growing by 5%, within 6-12 months of his inauguration. Our hope is that more than 1 million government jobs will go away, under DOGE (Musk/Vivek), which would be good news for the jobs market as these folks (that rarely even go into the office) be pounding the pavement looking for more honest work. Should this happen, those lost government jobs will keep the overall jobs market from getting too hot…which is almost certainly going to happen at some point with Trump 2.0 and the Innovation Revolution.

Interest rates conti...

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