WEEKLY MARKET DIGEST: INTEREST RATES RISE SHARPLY AND STOCKS BREAK RESISTANCE AT 1600 AFTER 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.)
INTEREST RATES RISE SHARPLY AND STOCKS BREAK RESISTANCE AT 1600 AFTER BLOWOUT EMPLOYMENT NUMBERS
May 3, 2013
This morning the Department of Labor released blowout employment numbers. April Non Farm Payroll numbers rise by 176K vs. consensus of 166K, more importantly the whisper numbers were under 140K.
It is important to note that February Non Farm Payrolls have been revised to 332K from 268K, this is a huge revision upwards.
Interest rates are rising sharply and the stocks have broken the strong resistance at 1600 in S&P 500.… Please click here or the title below to read more.