Week of 12/04-12/08 Jobs Report Fuels Market Rally

The stock market reacted positively to November's drop in unemployement numbers, fueling the current bull rally we have experienced for the last five weeks. Friday's stock market session started with a trend lower that quickly took a turn into positive territory, marking another week of gains for all three market indices. The surprise drop in unemployement provided confidence to investors leaning towards the Federal Reserve to cut interest rates in their next FOMC meeting next week. Optimism seems to be overtaking the market as we get closer to the year's end. The importance of economic jobs reports cannot be overstated when it comes to their impact on the stock market and the Federal Reserve. Jobs reports provide crucial insights into the health of the job market, offering valuable information about employment levels, wage growth, and unemployment rates. These indicators are closely monitored by investors and policymakers as they have a direct relationship with the stock market and the Federal Reserve's monetary policy decisions. Next week will determine the sentiment for the market for the end of the month and the beginning of next year. Remember, the stock market will be closed for the Christmas holiday on Monday Decemeber 25th and Monday New Year's Day on January 1st.