
EXCELLENT JOBS REPORT – MOMO NARRATIVE PROVEN WRONG
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Excellent Jobs Report Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The Jobs Report is excellent. It is shockingly better than the predictions of the momo gurus. It is even better than the predictions of non-momo gurus. Here are the details: Nonfarm Payrolls came at 528K vs. 258K consensus. Nonfarm Private Payrolls came at 471K vs. 200K consensus. The unemployment rate came at 3.5% vs. 3.6% consensus.