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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

click for larger chart:

Sp500emp_1 [1]

Source: Michael Panzner [2], Rabo Securities


(Kudos to Mike on getting mentioned in the WSJ’s Ahead Of The Tape [3] 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:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/sp500emp_1.jpg

[2] Michael Panzner: http://www.amazon.com/exec/obidos/ASIN/032124785X/thebigpictu09-20

[3] Ahead Of The Tape: http://online.wsj.com/article/1,,SB111533257141226256,00.html

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