i agree, or that's been the status quo for a while. hopefully it does jam higher so we have a nice dramatic high to short
There we go....breakout out of the current trading range and give me a 5 point news bracket trade....1294.75 thank you!
What was interesting about the report was that the revisions of the past two months was only 11,000 and unemployment rose from 4.6 to 4.8%. Labor market is cooling.
Yes just a bit softer than my number and with an increase in the unemployment rate we should have the Fed at the "done" point after this next Fed meeting. Any shorts that were still hanging on should have about had all the juice squeezed out of them with that a.m. move. If the news rally holds then a 1300 run is baked in for the day I would think.....at HOD 1297.75 we sure got close so far.
If we were not so dependent on foreign investment, the dollar would not be such an issue. But it is an issue and a very big one. The Fed cannot stop raising rates, not yet anyway.