WEEKLY MARKET DIGEST: BLOWOUT EMPLOYMENT NUMBERS $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.)
BLOWOUT EMPLOYMENT NUMBERS
March 8, 2013
This morning the U. S. Department of Labor reported blowout non-farm private payrolls at 246K vs consensus of 175K. Unemployment rate fell to 7.7%, the lowest rate since December 2008.
The big question is how the stock market will react to this number. The straight forward answer to this question would seem to be that the number is good so the market should continue its momentum upwards. For the momo crowd 1565 on S&P 500 is like a magnet. … Please click here or the title below to read more.