Friday, December 4, 2009


No surprise, the jobs number came in better than expected. It is surprising just how good it was. Definitely not confirmed by the jobless claims data during the month of November, ISM data, or the ADP employment data.

Now the question becomes what will the market do? A good unemployment number I thought would be bearish. This is so good the outcome is unclear. Unfortunately, you probably won't really know until 9:00ish. If your trading trying to adjust exposure it will be really difficult. Dollar is moving higher and gold is moving lower.

Should be an interesting day.

1 comment:

Anonymous said...

bond yields up. dollar up. yen weak. euro started. next turn is s&p...

trend reversal is looking more n more reliable.. Happy trading..