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How Does Jobs Data Impact Trading?
Posted By Barry Ritholtz On May 6, 2005 @ 10:26 am In Economy,Trading | Comments Disabled
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).
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/05/how-does-jobs-data-impact-trading/
URLs in this post:
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/sp500emp_1.jpg
 Michael Panzner: http://www.amazon.com/exec/obidos/ASIN/032124785X/thebigpictu09-20
 Ahead Of The Tape: http://online.wsj.com/article/1,,SB111533257141226256,00.html
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