March Payrolls +103,000 vs. Expected 170,000

Needless to say, the headline does not look good. Click the graphic, get the full BLS report.

march payrolls

Initial knee jerk is that stock market and USD don’t like and gold likes. As it should be. Now, let’s see how the spin goes about the Fed. They will not be deterred by one weak report. Remember that inflammatory news (a double dose, considering Trump/China) and knee jerking are not reasons to take or break positions.

[edit] The gold and USD aspects of the knee-jerk lasted all of 2 minutes. Sounds about right. 

Here’s the industry breakdown.

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