A decent jobs report this morning. This news combined with dovish comments out of the ECB yesterday should set the market up for gains today. There will be light participation in the market today, following the holiday, so we will need the gains to hold through the end of the day. Follow-through on Monday would be quite positive. Typically when the jobs report beats expectations, the market will have a good month. While the report beat expectations last month, June was a down month for the market. This decline reflected investors’ concern about the continuation of Fed stimulus. As a result, we cannot presume that a good jobs report will lead to stock gains this month.
Posted on: Fri, 05 Jul 2013 13:15:39 +0000
Trending Topics
Recently Viewed Topics
© 2015