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Not sure you can make blank statements like this about the market. The market is more complicated than that. It often does the opposite of what you think as the Extremely strong employment report on Friday didn't create much of a lasting sell off.

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Tom

@TradingThomas3

Aug 6

Most anticipated data this week is CPI on Wednesday, estimates are 8.7, IF it comes in above we are back to crashy mode.

4:07 PM · Aug 7, 2022Twitter Web App

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It’s an active day trader/wealth/portfolio manager environment in reality. It’s 100% about the live execution with a market that evolves so rapidly. That’s why I think being able to live trade over making calls weeks/months in anticipation serves better.

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and

Even I think that wealth management/the system is about the live modulation of the market. After all there is so much that impacts it. The major market is the fulcrum of global wealth and the job with portfolio management comes with executing based on how fast things can shift.

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This is why it is better to react, not speculate/predict.

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I agree in general but the jobs report is a bad, because premature example IMHO. Market often reacts with a delay, especially if there's a lot of options on the line on Friday. Bulls will try to hang on until CPI, but I think it's an uphill battle given the already long rally.