Tom’s Weekly Newsletter August 04, 2021

They say the markets climb a wall of worry.


That may be true and we may see continued higher prices from here.


The thing is though, they climb a wall of worry until news comes out that what
they were worried about was a legit cause for worry.


ADP released a private sector jobs report, which showed a gain of 330,000
jobs for July. This is well short of the consensus estimate of 653,000. The
official jobs report will be released on Friday.