NFPs Flush And Now…

S&P 500 was positioned for jobs data upside ever since Thursday‘s steady buying and premarket consolidation – and the push came. Prices reversed, a little undershot Thursday‘s lows, and recovered – duly recovered as I looked for prices to go up later in the day. Russell 2000 did of course way better, rates retreated and USD went down significantly. That‘s all part of the great stock market rotation, and uncertainty trade sending up precious metals of course too – clients benefited, and the same about oil declining (markets did salivate on stimulus prospects via rate cuts, yet got second thoughts about economy strength aka isn‘t the Fed cutting too late? Can 25bp even be enough?)
 


 


More By This Author:

Core PCE Turn
Indecision Before The Real Move
Is The SPX Flush Over?

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