Did unemployment really improve from 10.2% to 10%. Seems a little fabricated to me. There was a rumor yesterday that the jobs data would be worse than expected. Was this completely false? Regardless, in premarket trading, the markets skyrocketed after the news.
But Even so, SPY only climbed .20c higher than yesterday's highs and as of now is moving down. The fact that we didn't climb higher this morning, to me, is a sign of weakness and another confirmation that this market must head back down.
I'm still surprised though, I was certain the jobs data would spill out as expected and that we wouldn't have had to see this hiccup. This descent sure is not an easy thing to play...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment