All Blog Entries

Nonfarm payrolls rose 467,000 in January, well ahead of the 150,000 Wall Street estimate.

Leisure and hospitality led the gains, while professional and business services and retail also posted big numbers.

Wages surged, rising 0.7% for the month and 5.7% for the year.

Massive revisions juiced up the November and December totals by 709,000.

Source: cnbc.com

Thursday was another session where the story during the day was turned on its head in the after hours trading. The Dow lost 518-points on the day, but the 112-point loss in the S&P 500 was cut in half after hours when we got strong earnings out of Amazon. So what you see below may not be what is happening right now. It's a fast moving market. Bonds yields were up sending bond prices down, and the dollar continues to break down.

...

A top heavy rally for the stock market yesterday may have created some FOMO, but if you were listening carefully you could hear a sucking sound as they reeled in investors despite many negatives that didn't show up in the indices. The Dow gained 224-points, and the S&P 500 gained almost 1%, thanks to the big gain in Alphabet (Google). If you take out Google, it wasn't so so good. Plus we had some after hours trouble that could pose a problem for stocks today. The dollar was down and bonds ...

Stocks were floundering in the early session on Tuesday, but a rally ignited in the afternoon. Being the first day of a new month, it's not unusual to see new money coming into the market, hence the tendency for the first day to do well. The Dow ended the day up 237-points, and the other two major indices were in that same percentage gain area. The I-fund and small caps outperformed. The dollar was down again, and bonds were mostly flat.

...

Stocks started out on the sluggish side on Monday morning before investors started to buy again, giving us a clue that the selling side may have been exhausted for a bit - well at least for a couple of days because the S&P is already about 7% off last Monday's low. The Dow lagged percentage wise with its 406-point gain, while the Nasdaq and small caps exploded with gains over 3%. The I-fund also rebounded and had the help of a big decline in the dollar as well.

...