Friends
It was a Goldilocks jobs report – a way better than expected jobs number, and wages that only rose slightly. Growth without inflation! Sign me up. That’s basically what the bulls said as a stock buying stampede ensued.
By the close, the Dow Jones Industrial Average was up 440 points to finish the day at 25,335. The S&P 500 was up 47 points to close at 2,786. Gold was up $2.20 to trade at $1,323, while oil was up $1.92 to trade at $62.04 per barrel WTI.
It didn’t hurt that after the close yesterday the little rocket man offered an olive branch to Mr. Trump. That along with the jobs report created a backdrop that would make Goldilocks blush. Can’t wait to see what next week has in store for us.
Have a great weekend everyone.
