Stock Market Today: May 1st - 5th

In the US and Brexit elections the outcomes were well within the margin of error for the polls. For this second round of French elections Le Pen is behind from as little as 18% to as much as 28% in some places, but none have her anywhere close. I don't expect her to pull this out, her father ran for years on the same platforms with the same party and never fared any better.

 

Definitely would be a very interesting Monday next week if Le Pen wins I think Monday would be very red, but yeah I think the market would recover later especially if we get a strong reaction from the ECB

 

True that's why I think it would be a bigger shock for the market if Le Pen wins than what we had with Trump Also I think Trump is considered as pro business while Clinton is kinda considered as anti business, I don't know if Le Pen is considered as pro business

 

Yeah overall pretty muted reaction to the NFP. I thought the dollar would be up more while bonds and gold would be down more I just looked at the headline number though, I didn't really get a chance to read things like wage growth or revision for March so I could have missed something

 

http://www.npr.org/sections/thetwo-...11-000-jobs-added-unemployment-at-4-4-percent

American job results from March of 2017 are now even worse than when they first came out. While the BLS initially reported a paltry gain of 98,000 jobs, the figure has now been revised downward to 79,000.

In another revision, the February figure was bumped up to 232,000 from 219,000. Together, the revisions represent 6,000 fewer jobs than had been reported.

Maybe that's why we didn't get a more positive reaction for the dollar and negative reactions from gold and bonds

 

What was the record close by the SPX btw, I am too lazy to look

 

Thanks Cy, looks like we will have a new record close