How typical. Just as everyone was getting beared up out comes the employment report featuring a blowout number of +312,000 in December (vs. an expected 188,000). Here is the blurb from BLS…
This is not going to help the Jerome Powell bashers one little bit. Of course, with Apple tanking and the trade war raging on there are crosscurrents in play. But it looks like the bulls can get a little bounce in their step after all. The world had not yet ended as of December 31st.
Here’s the graphical breakdown of the jobs report.
Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas, all archived/posted at the site and delivered to your inbox.
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 and get even more by joining our free eLetter. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.