WEEKLY MARKET DIGEST: SHOCKING EMPLOYMENT DATA, GOLD AND BONDS JUMP $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. )
SHOCKING EMPLOYMENT DATA, GOLD AND BONDS JUMP
February 7, 2014
January Nonfarm Private Payrolls came at 142K vs. 161K consensus. Total January Nonfarm Payrolls came at 113K vs. 175K consensus and whisper numbers of over 200K. The data shows that the government jobs are being shed which is not necessarily a bad thing. Our models depend on private payroll data which is also weaker than expectations.
Gold and bonds have jumped on the weak data.
The gold bulls expect that the weak data will force the Fed’s hand to taper the taper. … Please click here or the title below to read more.
February 7, 2014