Plug Power Inc (PLUG)

[scubastevemd]

The jobs are a lagging indicator as many companies are keeping people on in a tight labor market until forced to let go. Many tech firms are reported layoffs like Peloton or freezing hires. Many counted jobs are second jobs to make ends meet. Not to be overly political but notice no one is talking about hamburger flipper jobs now, Covid talk is gone, even the recent monkey pox craze is off news now. Actually, a bad jobs report would have been good for stocks. With Christmas hiring you may not see a bad report until Q1 of 2023. If things looked really bad, then they could consider a smaller increase in rates or a pause. Now 75 basis points is a lock. Another reason the market is tanking.