WEEKLY MARKET DIGEST: WHY IGNORE THE SHOCKING EMPLOYMENT DATA $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. )
WHY IGNORE THE SHOCKING EMPLOYMENT DATA
January 10, 2014
This morning the Department of Labor released shocking employment data. December unemployment rate fell to 6.7% vs. consensus of 7%. The unemployment rate was 7% in November.
In our analysis, we give very heavy weight to Nonfarm Private Payrolls, they came at 87K vs. 198K consensus; some whisper numbers were over 220K.
December Nonfarm Payrolls came at 74K vs. 197K.
The plan is to ignore this shocking employment data and taking the opposite side of any exaggerated market move in bonds, stocks, gold, and silver.… Please click here or the title below to read more.
January 10, 2014