Weekend Investor: The Week That Was

I hope you had a wonderful week!

This week’s recap is a day late because of an important family event (congratulation to the bride and groom), so I’ll keep it brief.

In case you missed it

Here’s some of the content I put out this week. Enjoy!

• I’m trying a new quick video concept on Twitter with some investing friends. We covered investing ideas here and the Uber/Waymo deal here. There are 8 more videos ready to go out this week. These are fun to shoot and give me the chance to discuss things I’m thinking about and investment ideas in a conversational format. Let me know your thoughts and please share to help grow this community.

• Coinbase Spotlight: Crypto is controversial, I know. My spotlight on Coinbase didn’t talk about “number go up”, it focused on how the blockchain could make many businesses cheaper and more efficient. This is the most asymmetric opportunity (0x or 10x) opportunity I’ve covered yet.

• 5 Stocks I’m Buying: June Asymmetric Investing Portfolio allocations are in and I’m really excited about how the portfolio looks. This email goes out to premium subscribers before I buy any stocks in the portfolio. Sign up here to get that email starting next month

Jobs, jobs, jobs

In last week’s weekend update, I highlighted the fact that prognostications of a recession have been wrong and the unemployment picture seems to tell us the labor market is still really strong. On Friday, we got a jobs report that sent stocks sharply higher, so here’s what we learned.

• 339,000 jobs were added to the U.S. economy in May.

• The unemployment rate was up 0.3% to 3.7%.

• The number of unemployed people rose by 440,000 to 6.1 million

• Job gains were led by professional and business services (64,000), government employment (56,000), health care (52,000), and employment (48,000).

The market loved the news, but the jobs report always goes through a series of revisions in its first few months, so take any one report with a grain of salt. The long-term picture shows that the number of people employed is now 4,000 higher than pre-pandemic, so we’re back to a normal trendline.

A friend pointed out last week that low unemployment is usually an indicator that a recession is coming, which would be back for the economy and stock market. That is true and a recession is definitely coming. But we don’t know when or how it will impact the economy, which is why I stay invested and keep allocating new money every month.

Time in the market is more important than timing the market.

Thanks for subscribing and have a great day.

Disclaimer: Asymmetric Investing provides analysis and research but DOES NOT provide individual financial advice. Travis Hoium may have a position in some of the stocks mentioned. All content is for informational purposes only. Asymmetric Investing is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any asset involves risk and could result in significant capital losses. Please, do your own research before acquiring stocks.