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Weak jobs report takes away weekly gains
It was a typical holiday week where stocks climbed almost effortlessly before the holiday, but reversed direction after the holiday.
Here are the TSP fund returns through the week of July 2 - July 6.
The difference with
By Jack B. Winn
The Center for Medicare and Medicaid Services' popularity has increased recently as debates over the solvency of long-term care insurance takes a star turn in the ongoing debate over health care and entitlements spending.
According to OhMyGov Analytics, over 16,000 posts about the agency tasked with administering both Medicare and Medicaid programs for states and local governments were
The bearish rising wedge broke on the SP 500 as viewed on the 60 minute chart below. The jobs report was the catalyst, coming in at 80,000 additions vs. 100,000 expected. The market is currently on support at 1350 from a rising diagonal line, with a loss of 17 points this morning. If this support fails, the next stop is in the 1335-1340 area. Below that the rising channel boundary is near 1325. I expect a reversal at one of these supports and a resumption of the uptrend. After all, there was
The June jobs report came in with a gain of 80,000 jobs and an unemployment rate of 8.2%. That's a little short of the 90K - 100K that were expected. The unemployment hit estimates.
Stocks opened weakly on Thursday, tried with success to rally off the lows, but sputtered into the close. The Dow lost 47-points on the day.