WEEKLY MARKET DIGEST: BETTER THAN EXPECTED ECONOMIC DATA CONTINUES TO POUR $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
BETTER THAN EXPECTED ECONOMIC DATA CONTINUES TO POUR
January 4, 2013
Monthly employment from Bureau of Labor Statistics are popularly known as the mother of all numbers due to their importance. The most important number in the series is Nonfarm Private Payrolls; the number came at 168K vs. 145K consensus.
Futures are running higher on the positive number. However it is important to remember that this is a lagging indicator. Looking at investing based on this number is like driving looking through the rear view mirror.… Please click here or the title below to read more.