WEEKLY MARKET DIGEST: STRONG EMPLOYMENT REPORT, GOLD SQUEEZES SHORTS $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. )
STRONG EMPLOYMENT REPORT, GOLD SQUEEZES SHORTS
December 6, 2013
The U. S. Department of Labor reported a very strong employment report for November. Nonfarm Private Payrolls came at 96K in line with consensus. However, unemployment rate fell to 7.0% vs. 7.25 consensus and 7.3% in October.
October Core PCE Prices, a good indicator of future inflation, came at 0.1% vs. 0.1% consensus.
The only negative in this morning’s data is that October Personal Income came at -0.1% vs.… Please click here or the title below to read more.
December 6, 2013