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VRA Letter: What Recession? Solid Jobs Report. “The Tell”; This Market Wants to Go Higher. Gold Bull Market & Vista Gold (VGZ). WAR Says “Buy Stocks”.

Good Friday morning. Breaking: what recession? the April employment report is out showing a gain of 177,000 jobs for the month. Estimates were in the 125,000 range. Note that we did have a revision lower from last months report ...

Posted On May 02, 20254 MIN Read
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Good Friday morning. Breaking: what recession? the April employment report is out showing a gain of 177,000 jobs for the month. Estimates were in the 125,000 range. Note that we did have a revision lower from last months report of 53,000 jobs. The unemployment rate stays at 4.2%, as expected. Whisper numbers indicated that Aprils jobs report might even be negative, so this report is good news for America and maybe even better news for the President. We haven’t had time to dig into the report but the obvious question is, how have the DOGE cuts not impacted the jobs market more?

The markets like the news so far with the Dow +400 and Nasdaq +210. 10 year yields are slightly higher @ 4.27%, with gold holding most of it's early mornings gains @ $3270, + $48/oz

Market Update

We came into this week knowing that this was an extra important week for both the economy and markets. What have we learned? Yes, the economy appears to be weakening (negative Q1 GDP) but inflation reports conti...

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