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Stocks rallied on Friday and the big news was the strong jobs report. The Dow gained 337-points or 1.22%, and we saw solid gains of near 1% in many of the major indices. Not surprising, the safety type trades of bonds and gold were down as risk was certainly on Friday.
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Stocks rallied on Friday and the big news was the strong jobs report. The Dow gained 337-points or 1.22%, and we saw solid gains of near 1% in many of the major indices. Not surprising, the safety type trades of bonds and gold were down as risk was certainly on Friday.


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Money circulated markets this week turning big moves into modest weekly net returns. Stock TSP funds were mixed this week ranging from a slight loss in the S-fund to less than a half percent gain in the C and I-funds. At a glance these returns seem a bit dull but are actually a significant win for the bulls considering the C-fund was down1.51% after Tuesday's trading. Volatility spiked this week as investors were more easily manipulated by headlines since seen in early October trading.
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Jobs growth soars in November as payrolls surge by 266,000

KEY POINTS

Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones.

The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low and matching the lowest jobless rate since 1969.

The end of the GM strike had a big effect, boosting employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.

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Stocks spent most of the morning in negative territory on Thursday but drifted higher in afternoon trading and closed with slight gains. The Dow gained 28-points and that was about the same percentage gain as the S&P 500 and Nasdaq. The small caps and Transportation Index were both basically flat on the day, and another drop in the dollar kept the I-fund positive.

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