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12.2.2016 Bookmark

12.2.2016

Hello folks, we've made it to Friday and the "jobs" report. 

Yesterday I mentioned the idea that they HAD to keep the S&P over 2190 because the optics of the market falling below the summer highs wouldn't be good.  So, after reaching down to 2187...they came in during the last hour and saved the day. We closed out at 2191.  That's a desperation type move folks. Consider what happened yesterday....

Financial Intelligence Report - 11.8.2015 Bookmark

Jobs For Who?

On Friday we got the non farm payroll report. Estimates were for a gain of 183,000 jobs. But when the number hit we didn’t print 183K jobs, we printed 271,000 blowing away even the most bullish estimates. Inside the report it was all rainbows and unicorns. We saw the unemployment rate fall to 5%, and we see wages rose an astounding 2.5%.  A better report you simply couldn’t make up!!  In fact that’s true, because they made this one up, and it was the best they could do.

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