WEEKLY MARKET DIGEST: LET THE BATTLE ROYAL BEGIN
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
LET THE BATTLE ROYAL BEGIN
August 3, 2012
For the second time in a row, a major piece of U.S. economic data came better than expected. Last week it was GDP, today it is the employment data.
Weekly non-farm payrolls came at 163k vs. 100k consensus; the whisper number was 86k.
Let the battle royal begin between those who will buy stocks and sell bonds and gold because the economy is stronger than expected, and those who will sell stocks, buy bonds and sell gold because QE3 is less likely.… Please click here or the title below to read more.
August 4, 2012