NFP report today and reaction of main indices

Good afternoon,

i would like to make some comments to the reaction of US indices to the NFP report published some minutes ago.
Its defenitly clear - it was "more green than red", with a lower unemployment rate than expected, and a growing fear that the FED will not cut interest rate in near future.
As we know, the fear of higher interest rates knocks down main indices and makes USD stronger, but if someone looks at Nasdaq (screenshot), the reaction is a little bit strange. The immediate reacton to the news was in line with the "Forex schoolbook rules" ( index shot down), the counter move up some pips was also something that has to be considered, but after that up-correction should come a reaction to zhe main fear of " no rate cut", and indices should move down.
But Nasdaq and other indices climb stadily up - honestly speaking, thats something i cant explain to myself and i am very curious which arguments back these upmoves now.

[quote=Cashbear;14683408]

ADP showed Job losses in manufacturing jobs.
NFP showed Job gains in goverment jobs and health care.
Who do you belive, the privat sector or goverment data?

I personally belive the ADP data, its a indipendent estimate of privat sector data.

The point is, goverment jobs dont produce or growh the econemy, they are financed by the privat sector.
Its a bad sign when good privat sector jobs are being lost and replaced with goverment and healthcare, thats how i See it.

The markets dont have to make sense, if you would ask me, i would say stocks are tied to the value of the currency, if it inflates, prices will Go up and adjust to its value.
Same as in argentinia, turkey, Iran or zimbawe, those indicies crashed up. The higher Inflation went, the higher the prices adjusted up to currency value.
Why are European stocks and indicies up while there is Bad data for months? Becouse the Euro is losing value, dont belive the goverment data, just look arround, are things more expensive then 1-3x or 5x years ago?

Inflation is not under control and the USD lost 17.4% since Biden took Office, who cares about year over year goverment Controlled data?
The more currency value is lost, the higher prices adjust up. The current intrest rate increases are not enough and just put a very small dent to Inflation. Fighting the Symptom wont fix the Problem, so i wouldent be Suprised if markets continiu to go up.
At this point my theory is the Fiat system is being destroyed globally in coordination to replace it with something new all at once. Only that is how goverments will pay their old depts, with a Worthless currency.
I stay with more Inflation = prices adjust up.
The exponetiall growth of stocks and indicies represents the loss of currency value, the USD has lost 96% of its original value, this is the exponetiall end game where big moves can be expected.

There will be no crash in a inflationary envionment.
Either they actually fight Inflation and thats when prices adjust lower 30, 40 or 50% or they fail and asset prices will rise, since they are tied to the currency value.
If everyone expects the crash, i bet that the goverment will keep causing Inflation and pay their old depts with Worthless money eventually and then come up with a new finaciall system

Thanks, some interesting points of view - but generally speaking NFP date are greater market movers than ADP data, but i am sure i am not the only one who was caught on the wrong foot who speculated on lower indices based on greater fear of sticky high interest caused by hot labour market news - Powell reiterated all the time that cooling labour market is a requirement for stopping rate hiking.

This Friday US PCE data are published - in this case it should be clearer to predict the direction of USD or indices in the case of clear undoubted data.

Shortterm the PCE might have a Key impact and a more clear move based on the Data
But honestly right now i try to View it from further above, simply sayed are things done to fight Inflation, can asset prices adjust lower through disinflation?
Or is more Inflation being caused? Meaning asset prices continiu to adjust up.
Doesnt matter how bad the numbers are, with further Inflation market will Go up. I just generally dont belive the data and try to build my own view

The Dow Jones priced in gold is 50% below its all time high, it might be on all time highs priced in USD, but thats the point, further USD value losses will keep markets up, doesnt mean the actuall value of the asset is on all time highs.
Its all about the currency, numbers dont matter much, thats my explanation for those moves. My focus is will the USD keep losing value or how does it gain it back and what scenario is more favourable for the goverments