WEEKLY MARKET DIGEST: NEW PAYROLLS FALL SHORT OF WHISPER NUMBERS, GOLD BOUNCES $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. ) NEW PAYROLLS FALL SHORT OF WHISPER NUMBERS, GOLD BOUNCES April 4, 2014 March Nonfarm Private Payroll came at 192K vs. consensus of 205K and whisper numbers of around 250K. Gold is jumping on the data, inference is that the Fed may maintain QE longer. In our analysis, the data is not going to change the Fed’s posture and the Fed will continue tapering. In response to the data interest rates are falling. Oil is higher.