Yesterday’s GDP report was stronger than expected, showing the economy hasn’t slowed all that much yet. And we know that jobs growth is among the most important factors. So the bulls cheered this morning when the October payrolls report showed a gain of +166k jobs (vs. consensus of +80k).But the enthusiasm for stocks quickly waned, and the market sold off as quickly as it had run up. Since then, we have been bouncing around in early trading. Tech is hanging in well, while the financials are under heavy selling pressure.Oil prices ar[...]
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[Source: The Money Blogs]
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