While most of us are intuitively aware of the impact that the monthly employment report has on the equity market, Mike Panzner delivers a graphic overview to puts it into perspective:
|Data||Overall Average||On Jobs Report Days|
|Absolute Net Change %||0.77%||0.99%|
|Intraday High-Low Range %||1.36%||1.61%|
|Up Days as a % of Total*||51.06%||56.62%|
* divided by 100 for clarity
on the accompanying chart
Includes data from 1/1/94 through the present
Source: Michael Panzner, Rabo Securities
(Kudos to Mike on getting mentioned in the WSJ’s Ahead Of The Tape column this morn).
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.