Leading into Friday last week, the indexes were down five days in a row. Friday brought relief with the much anticipated employment numbers, which were good on all fronts. Both non-farm payroll and non-farm private payroll were up. Unemployment was down. The employment information dominated the market causing a significant rally and the indices making up for the lost positive ground occurring the days leading up to the announcement.
While most market news is extremely bullish, there were notable areas of weakness to include personal spending rose while personal income declined. In addition to these factors, its possible the Feds will consider easing and with the numbers released Friday, it is speculated by many that a rate increase is more likely than not.
Reports this week include: Initial Claims and Retail Sales (12/12).
While most market news is extremely bullish, there were notable areas of weakness to include personal spending rose while personal income declined. In addition to these factors, its possible the Feds will consider easing and with the numbers released Friday, it is speculated by many that a rate increase is more likely than not.
Reports this week include: Initial Claims and Retail Sales (12/12).
Some of the major earnings announcements on deck: HD Supply, Autozone, Vera Bradley, Ciena and Sanderson Farms.
$tockMarketDirection is in a Bullish Posture. We strongly encourage our many bloggers/followers to monitor positions closely, exercise proper money management strategies and to monitor $tockMarketDirection for ALERTS that we may issue advising of a change in our current bullish posture. Cha-ching.
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