Jobs Report

Jobs Report

Friends Before we talk about what stocks did in the aftermath of today’s jobs report, let’s first go over the report. 160,000 new jobs were created in April as measured by the government, which was quite a bit less than most analysts had expected. The unemployment...

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Stocks Drift Before Jobs Report

Stocks Drift Before Jobs Report

Friends Stocks drifted without much conviction today as traders seem to be waiting and focused on tomorrow’s jobs report. The bulls tried to rally the troops at the opening, but those modest gains evaporated by late morning, and as mentioned, the rest of the session...

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Stocks Drift Before Jobs Report

Stocks Slump Again

Friends Stocks were looking to open lower this morning before the release of the ADP private payroll number, so the soft ADP number didn’t help the situation any. We already know that consumer spending has been soft, now we get a soft employment number to add to the...

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Yesterday’s Gains Erased

Yesterday’s Gains Erased

Friends Well, so much for that good start to May. After yesterday’s decent rally, stocks sold off early and often today as small rallies were met with persistent selling pressure. Weakness in China and the thought that the dollar may have bottomed short term seemed to...

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Good Start To May

Good Start To May

Friends April didn’t exactly end well, but May got off to a pretty good start today. After a quiet start, stocks climbed into positive territory and by the close the Dow had tacked on a triple digit gain. It’s another busy week on the earnings front and being the...

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