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6.5.2016 - Financial Intelligence Report Bookmark

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So, Friday was “jobs” day. The first Friday of every month brings us the “non farm payroll report”.  This piece of data is watched by every market participant, because the labor data is correlated to monetary policy such as interest rates.

 

The Fed’s have been sitting on their pedestal telling us how wonderful the recovery is and that the labor markets are so hot that they’re worried about overheating. For months now they’ve had a smug attitude about how many jobs there are, and that their monetary policy has indeed saved the world.

6.3.2016 - Insiders Club Bookmark

6.3.2016

Morning all, we've made it to jobs Friday. 

Since I got up this morning the futures have been inching higher. From slightly red at 5:45 to up 1.5, they've pulled the S&P up.  Around the globe most markets are slightly in the green.  

So the big question of the day is this... there's a two day Fed meeting on the 14th and 15th. Is this jobs report going to be instrumental in their decision? 

5.6.2016 - Insiders Club Bookmark

5.6.2016

Hello all, we've made it to Friday. And, not just any Friday, but JOBS Friday. That always puts a special twist on things.

Yesterday was another long soggy day, where their goal was not to push the market higher, but instead...not let it fall. After being down to 2045 during the session, the magic arrived and we ended the day at 2050. Smack dab on the exact number that I've been suggesting they have  to hold.

3.3.32016 - Insiders Club Bookmark

3.3.2016

Good morning all, welcome to the new day.

Quick review....

We had a 300+ point day on Tuesday.  So Wednesday it would have been natural to give a bit of it back. 300 points, even in this Robot driven casino is a lot. But, it wasn't to be. After a couple small stumbles, they dusted themselves off and made a mad dash for green late in the afternoon. When the bell rang, we had 8 new S&P points and 34 on the DOW.

2.5.2016 - Insiders Club Bookmark

2.5.2016

Hello everyone, we've made it to Friday. It seems like I could say "and what a week it's been!"  almost every week. The market is going through gyrations that are really quite astounding. When you see the DOW dip 200 points and then end the day up 200, that's a 400 point round trip. For many "decades" we wouldn't see 400 points up or down in a month. Now we do it daily.

2.4.2016 - Insiders Club Bookmark

2.4.2016

Good morning everyone, welcome to Thursday...

Yesterday was another trip into the bizarre. The DOW moved over 400 points on the day, as it dipped by almost 200 and then soared for 200 positive points.

Overnight things were mostly calm, and coming into this morning we saw the futures up modestly. At 6 am I think I saw the DOW up 40, the S&P up 4.

12.4.2015 - Insiders Club Bookmark

12.4.2015

Hello everyone, welcome to Friday.  Job's Friday.

I'm sure you all know what happened yesterday afternoon. After being soggy for a large portion of the morning, they appeared willing to hold the market up with just a relatively small loss. But no, as the afternoon progressed more and more traders started to figure out that things aren't quite as wonderful out there as previously thought and lightened up positions. Draghi didn't offer up the "bazooka" load of rate cuts and QE they were hoping for, and Yellen was still talking tough on the Hill at the joint economic committee

Insiders Club - 10.15.2015 Bookmark

10.15.2015

Good morning everyone, welcome to Thursday and more insanity than you probably need.....

You all know what happened yesterday. From Wal-Mart's horrific warning to JPM missing earnings, to the economic reports coming in like dog poop, to Netflix missing earnings after the bell. That had the futures last evening looking pretty bad, but then...."it" happened.

Insiders Club - 10.5.2015 Bookmark

10.5.2015

Good morning everyone, welcome back from your weekend. As always we hope it was a great one for you!  My prayers continue to go out to all of you in the South Carolina area, as I know the pain you're going through with all that flooding. Ouch.  Down here in "not so sunny" Florida, we continue to battle a weather pattern that has dropped more rain on us than anyone can imagine. As a matter of fact, the wife and I dared to take our bike ride to the beach yesterday. Sure enough of the way back we ran into a massive squall of driving rain and small hail. Well, there's nowhere to hide on that particular trail, so we had no choice but to just ride through it.  I couldn't have been wetter had I simply jumped in the river.

Insiders Club - 10.2.2015 Bookmark

10.2.2015

Hello everyone, we've made it to Friday, which just happens to be "jobs day". So, before we get to that, let's chat about a few things that are making headlines.

First off, a sigh of relief for the people up the East Coast as now almost all of the spaghetti string models have the hurricane veering East and not making US landfall. That's a blessing because having lived through Hurricane Sandy, I know first had the destruction and pain. So chalk one up for good luck on this one. But keep praying that this storm indeed does follow the plot and doesn't do any screwy reversals.

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