WEEKLY MARKET DIGEST: DISAPPOINTING MOTHER OF ALL ECONOMIC NUMBERS, GOLD JUMPS $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. )
DISAPPOINTING MOTHER OF ALL ECONOMIC NUMBERS, GOLD JUMPS
September 6, 2013
Monthly U. S. jobs data is known as the mother of all numbers for good reason. First this is the data series that the Federal Reserve is targeting. Second on the average, this data series moves the markets more than any other economic data.
August Non-Farm Private Payrolls came at 152K vs. 180K consensus. July number also revised downwards to 104K from 162K.
Interest rates are falling on the poor data and gold is jumping.… Please click here or the title below to read more.