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Job growth smashes expectations for February as unemployment falls back to 3.5%

The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate was 3.5%

https://www.cnbc.com/2020/03/06/us-j...uary-2020.html

This is getting exhausting and the ups and downs are giving the market some exercise, while the mental strain is weighing on investors. The Dow lost nearly 1000-points yesterday as this week's wild back and forth continued. The bears didn't quite get back all of the gains from Wednesday's rally, and for the week the Dow is actually up 700-points, and it's more than 1400-points above last Friday's low, but with one day to go, that could certainly be in jeopardy in this environment.

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Enjoying the ride? The market took us on another rollercoaster ride yesterday, this one to the upside and the Dow ended the day at the top with a 1173-point gain. The question is whether it reached the apex yesterday, or is there more climb left in this portion of the trip? The large cap Dow and S&P 500 led with 4% plus gains while most of the indices settled with an equally impressive 3% plus gain.

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Stocks took another wild ride on Tuesday, smacking back much of Monday's record breaking gains. The Dow lost 786-points so clearly the volatility is still here. We saw a sharp spike higher after the Fed cut the Fed Funds interest rate by 0.50%, but that was short-lived, and if anything may have sparked more fears because of their concern.

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Stocks opened tentatively on Monday and we saw red numbers early on, but once the rally ensued, the stampede started, and the FOMO (fear of missing out) buyers went all in. The Dow ended with a record gain of 1294-points with monstrous percentage gains across the board in U.S. stocks, although the Transports were a little late to the party.

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