August 2, 2013
August 2, 2013
WEEKLY MARKET DIGEST: EMPLOYMENT DATA WEAKER THAN EXPECTATIONS, GOLD SPIKES $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. )
EMPLOYMENT DATA WEAKER THAN EXPECTATIONS, GOLD SPIKES
August 2, 2013
The U. S. employment data came much weaker than expectations. Non-Farm Private Payrolls came at 161K vs consensus of 195K and whisper number of 225K.
Inflation is under control. June PCE Core Prices came at 0.2% vs 0.2% consensus. This is our favorite inflation indicator. Year over year PCE Core Prices are up only 1.2%. Prior to the release of the data, gold had fallen under $1285. … Please click here or the title below to read more.
August 2, 2013