Good morning and Happy Jobs Friday!
Job numbers were 943,000 and unemployment rate dropped to 5.4%. Wages were up 5% which was all pretty strong. The estimates were all over the place but this reflects a continued strong recovery. Bond rates rose over 5% on the news and futures were muted. We will have to wait to see if this good news will be bad news for the market since the fed has a lot of pressure to start the tapering process. Eventually, the Fed will need to taper and that is never positive for the market. Today will be interesting for which way the market will turn.
Have a great weekend!
Talk soon,
Al Losada
Founder | SimpleOptionStrategies.com
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