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7.5.13 futres

 

 

 

Its a holiday weekend, so I am not going to detail all of the usual factors about NFP. Last month’s critique – THE MOST IMPORTANT EVER NFP blah blah blah — should be reread; You can see the past 1000 or so kvetching posts on the subject of NFP here).

The more interesting news is the sudden resurgency of embracing equities overseas. Following our 1pm close on Wednesday, Europe had a gangbusters rally — and we are set to follow suit.

One other thing to remember today: Rookies are manning the terminals. Anything can happen!

Me, I’m on the beach today — it looks gorgeous out . . .

 

BLS report is out at 8:30 am

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Previously:
Apprenticed Investor: The Folly of Forecasting (June 8th, 2005)

NFP Day: The Most Over-Analyzed, Over-Emphasized, Least-Understood Data Point (February 4th, 2011)

An Unusually Unusual NFP Payroll Day! (June 3rd, 2011)

THE MOST IMPORTANT EVER NFP blah blah blah (June 7th, 2013)

Category: Employment, Markets

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.

3 Responses to “Pre NFP Melt Up, European Rally Edition”

  1. PeterR says:

    SPY resistance at MA(50) and 6/20 gap down at 162 +/- IMO.

  2. VennData says:

    sell bonds

  3. DeDude says:

    Bonds did not like that at all. Maybe the thing Ben didn’t say that he later stressed that he didn’t mean either, will turn out to be what he will end up doing before he was supposed to. Good news is bad.