WEEKLY MARKET DIGEST: UNEMPLOYMENT UNEXPECTEDLY RISES, BUT STOCKS RUN ANYWAY TO DJIA 14000 $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.)
UNEMPLOYMENT UNEXPECTEDLY RISES, BUT STOCKS RUN ANYWAY TOWARDS DJIA 14000
February 1, 2013
In the U. S., unemployment rate unexpectedly rose to 7.9% vs. 7.7% expectations. Nonfarm Private Payrolls came at 166K much lower than the consensus of 193K.
Stock futures first dipped on bad data but then started running up anyways, and as of this writing are up 116 DJIA points. It is worth remembering that today is the first day of the month when lots of new money pours into the markets. … Please click here or the title below to read more.