Do Fundamentals Even Matter In This Market? [View Online]()|[Unsubscribe]( [Street Authority Daily] -[]Recommended Link [Tim Cook could put your retirement account on steroids]( [Tim Cook could put your retirement account on steroids]( In a matter of days, Apple CEO Tim Cook could walk out onto the stage in front of a crowd of cheering fansâ¦And with just four simple words, he could hand investors a shot at a [potential $190,717 fortune... But the REAL profits⦠WON'T come from Apple.]( In fact, snapping up Apple's bloated stock right now⦠is like stepping over dollars to pick up dimes. Because the BIG winner...shockingly, won't be Apple. [Click here for the full story NOW]( September 10, 2021 Do Fundamentals Even Matter In This Market? By Amber Hestla [Amber Hestla] Lately, traders have had to [pay extra attention to economic data](. Last week was no exception. This time it wasn't the Federal Reserve. Instead, it was one of the primary inputs into the Fed's decision-making process - employment data. Headlines almost all focused on the fact that fewer jobs were created than economists had expected. [CNBC reported,]( "Jobs report disappoints - only 235,000 positions added vs. expectations of 720,000." -[]Recommended Link [What would pocketing $3,630 on demand mean to you?]( Picture what you could do with an [extra $3,630 today.]( Buy a brand-new 75-inch flat-screen TV? Pay down your mortgage? Or give yourself the most valuable gift of all ... the peace-of-mind that comes from knowing you can easily weather any financial storm. This isn't a fantasy. Everyday Americans like you are already pocketing $3,630 instantly. [Click here to see how you could earn on-demand cash whenever you want or need it >>]( The report noted that "leisure and hospitality jobs were flat during the month after leading the way for much of the year." This point was highlighted in almost every article I read on the job report. And I really don't understand why this was so important. In August, kids are getting ready to return to school. That means seasonal jobs in the leisure and hospitality sector are winding down. It seems obvious we should expect a slowdown in hiring in this sector, which includes amusement parks, hotels where families on summer vacation stay, and activities college students on summer breaks are partaking in. In many years - even normal years - August and September are the worst months of the year for leisure and hospitality jobs. After getting past that point, the rest of the jobs report wasn't really bad. The unemployment rate fell to 5.2% from 5.4% in July. The labor force participation rate remained unchanged at 61.7%, well below its pre-pandemic high of 63.4%. This means millions of people didn't look for a job in August, which helps explain why so few people were hired. Here's My Outlook... Sure, the report isn't good news, but it's not terrible. The number of people participating in the labor force needs to rise for the economy to grow faster than it is. Enticing nonparticipants into the workforce will be a challenge and might not happen. That means we may see slow economic growth, like we did in the first decade of this century. But that doesn't mean we are doomed to a slow stock market like we experienced then. This time is different because the Federal Reserve has added money to the economy and the public mood is more similar to the 1990s than the 2000s. Stocks could move significantly higher, even with bad economic news, as long as there is money to invest and individuals willing to invest that money. This doesn't mean the fundamentals underlying the economy or the stock market are healthy. It just means fundamentals don't matter for a time. It's a dangerous market... but one that could continue going up. Now, turning to the short term, I want to look at my indicators, as usual, to give me the best idea for how we can profit... My Income Trader Volatility (ITV) indicator remains bullish as shown in the bottom panel of the chart of the SPDR S&P 500 ETF (NYSE: SPY) below. As I always note, ITV is similar to VIX in that it rises as prices fall. Its current position, with the indicator (red line) below its moving average (blue line), points to continued strength in stocks. Last week's price action pushed my Profit Amplifier Momentum (PAM) to a "buy" signal. PAM is designed as a short-term indicator. The red bars are bearish, and the green bars are bullish. Its recent uptrend (marked by the change from red bars to green) is a potential indicator of strength. Its recent movement is another potential indicator of strength. Based on my indicators, I am still bullish on the S&P 500 in the short term. But over at my [Maximum Income]( premium service, we are using a strategy that works in any kind of market... Thanks to a "loophole" that most investors don't even know exists, we use a strategy to get paid immediately for positions we hold in our portfolio. If everything goes according to plan, we can repeat this strategy again and again, allowing us the chance for thousands of dollars in extra income from the stock -- as well as the chance to collect regular dividends. Most Americans have no idea about this simple strategy... But it has the power to protect your portfolio on the downside, while supercharging your income as well. And once you know how it works, you can make trades like this in as little as six minutes... [Want to learn about this secret income plan? Go here before word gets out.]( -[]Recommended Link [The most powerful stocks you'll ever own?]( [The most powerful stocks you'll ever own?]( These "Bulletproof Buys" may be the most powerful stocks you'll ever own. Just $17,000 invested in one of these bulletproof buys when it was first recommended, would have handed out over $36,000 in dividends. More than double your initial investment! And even with the surge this stock has already seen⦠it's still a screaming buy. (And it's not the only one we're holding) in a groundbreaking new presentation you'll [discover 5 "bulletproof buys." You need to own NOW- Get the full details here.]( To ensure that you receive these emails, [please add us to your address book.]( Disclosure: StreetAuthority doesn't own shares of any securities mentioned in this article. Members of our staff are restricted from buying or selling any securities for three days after being featured in our advisories or on our website. StreetAuthority is a publisher of financial news and opinions. StreetAuthority is not a securities broker/dealer or an investment advisor and we do not recommend or endorse any brokers, dealers or investment advisors. This work is based on SEC filings, current events, interviews, corporate press releases and publicly available information which may contain errors. All information contained in our newsletters and/or on our website(s) should be independently verified with the companies or sources mentioned. You are responsible for your own investment decisions and should always conduct your own research and due diligence and consider obtaining professional advice before making any investment decision. This message was sent by an automated message delivery platform. Please do not reply to this email address. Any messages sent to this address will be automatically deleted. We sincerely hope that you benefit from your subscription to this complimentary newsletter, and we're willing to do whatever it takes to keep you as a satisfied subscriber. You may contact our customer service department by [visiting this link](. To update your subscription or unsubscribe, please [click here](. Copyright (c) 2021 StreetAuthority, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited. [Terms]( | [Privacy]( | [Unsubscribe](