Folks, we had a very interesting end to an otherwise normal slightly bullish trading week! The US Jobs Numbers were, to put it bluntly; -well they sucked! All analysts and market technicians missed big time with the numbers coming in at 38,000 and unemployment dropping to 4.7% driven mostly by many leaving the actual labor market. If you counted these people in the actual job numbers then the US employment rate would jump up to about 20% or in that range! This calculation was changed back when Carter was President and of course I believe it masks the true weakness of US Equities. But as bad as these numbers were, the day say price action fight back the initial shock and close well off the day’s lows. Here is my take on what can happen next across different asset classes;
Don’t Be A Rat Brain Trader — Trade Smart !!