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

  • Post author:
  • Post category:Economy

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.

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.

Gary

NFTRH.com