TSP Talk Blog

Stocks opened sharply higher on Friday after the Goldilocks Jobs Report. 223,000 jobs were created in April and estimates were in the 115K to 230K range so hitting the middle was just right. The economy seems to be growing, but not at a pace that would warrant an imminent interest rate hike. The unemployment rate dropped to 5.4% and the participation rate ticked slightly higher so there was nothing there to keep investors from jumping in and embracing it.

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