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