The much anticipated jobs report was weaker than expected, with nonfarm payrolls falling by -63,000 (vs. +20k consensus). The S&P 500 broke below the 1300 level soon after the market opened, but the selling didn’t last long.The market bottomed and began to move higher, quickly erasing all its losses. There is still a lot of time left in the session. Either the shorts will cover into the weekend and keep the markets elevated, or this early rally could still fade.There was some speculation that the Fed could step in on a weak j[...]
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[Source: The Money Blogs]
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