Connecting the NFPs dots
|S&P 500 took a dive before the closing bell, and the bond market was positioned a certain way alongside the dollar too. Connecting the job market and (manufacturing) PMI data, the case is clear for NFPs undershoot – and even the market itself might be just more than surprised. That‘s what I talk in today‘s throught-proviking video – touching also on latest earnings be it AAPL or AMZN especially guidance. All eyes on the Dollar.
In the end the 177K headline just in is a beat, a good figure – it would be worrying if S&P 500 sold off on that number below the value held at the data announcement. Appropriate decisions taken, and all clients are in the full, immediate picture as regards adapting to a figure that bucked the immediately preceding data clues talked should someone be willing to take a directional bet before the data release, with tight risk exposure.
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