The market is down slightly in early trading, but that is not all that suprising given the 2-day surge we just had.The payrolls report showed an increase of 94,000 jobs (vs. 77k consensus). While this is not a very robust number, it does show that job growth is still occurring, and that lowers the odds of a near-term recession considerably.This is a big positive, because if recession fears fade, it should bolster consumer confidence. And job growth is key. You can see the big sigh of relief in the yield on the 10-year Treasury Note. [...]
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[Source: The Money Blogs]
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