We just about closed where we opened. Even though we had some end of day excitement. My guess is it's people changing over from the H futures contract to the M futures contract.
Good morning Stockaholics! Happy Jobs Friday. Here are your pre-market stock movers & news on this Friday morning- 3/10 Friday Market Movers & News: ULTA, ZUMZ, LUV, HIBB, YUM, MTN, BKE, PAY, FNSR, UBS, PPG, T, LOCO <-- click there to open! Hope y'alls have a fantastic trading day ahead here on this final trading day of the week!
Ding Ding Ding! and we are open for biz! So, just curious here but how would you guys interpret this morning's UE #? Was it not too hot not too cold but just right? Thus, the thinking is we'll be seeing a slower pace of rate hikes (or whatever was expected -- 2 to 3 this year)? Interesting that the dollar sold off a bit after the #, yet the bonds are all over the place doesn't know what to make of the # haha. I guess they were looking for something more inline with ADP. Do we all think that a rate raise next Wednesday is all but a sure thing after today? And is that already baked into the market?
Oil got hammered this week. Hope everyone could get out in time. As for the rate hike, I think it's mostly priced in already. I'm loading up on Gold ETFS since it seems like gold is reversing. If there isn't a rate hike for whatever reason, gold might fly further.
Yes, the beauty of having a Republican president is now we can act responsibly. This means rate bikes are coming. It also means a recession is coming. And some economic pain. Maybe even some bubble popping (student loans? Unfunded State pensions?). No worries. We can blame it all on Trump and never have to ask ourselves how we got here in the first place.
The numbers support a hike: Washington Post - 3 hours ago The U.S. economy added 235,000 jobs in February, according to government data released Friday, surpassing economists' expectations and probably clearing the way for the Federal Reserve to raise interest rates this month.
Jobs report was solid, and the hike next week is probably priced in. The dot plot will be the important thing. If the FED becomes more hawkish with the dot plot, would be interesting to see if the market would still holding up well
Oil was the surprising move this week. I guess lifting restrictions from EPA allows more drilling, which means more oil!
http://www.macrotrends.net/1377/u6-unemployment-rate I expect to see a lot more of these U6 numbers now that a Republican is in the White House. They'll go back to U3 once a Democrat gets back in there.
