Jobs Jolt, Growth Stock Warning & Pricing In A GOP Win 11/4/22

Stocks rallying on Wall Street following the stronger than expected October jobs report, but the major averages all closed the week in the red. Investors were somewhat encouraged that the unemployment rate increased to 3.7%, which could help convince the Fed to slow its pace of rate hikes. The leisure and hospitality sector seeing gains of 35,000 jobs. Marriott CEO Tony Capuano discusses those gains and whether he sees any signs the red hot travel sector is slowing down. Strategas' Dan Clifton says the market is now pricing in a GOP win in the midterm election next week. He discusses how you should position your portfolio depending on who controls Congress. Bespoke's Paul Hickey explains why he sees major red flags for growth stocks right now. And Deputy Treasury Secretary Wally Capuano discusses his imminent trip to Europe to discuss additional sanctions against Russia with U.S. allies. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.