Saturday, April 27, 2019

Trump Puts QE4 in Play


Stock market in the U.S. continued to grind higher today, although I still believe that this is a bear market rally. The Dow added a little better than 40 points; the NASDAQ up about 47, so a bigger percentage gain there. 

The S&P was up about 13 points. This was following the release of the March Nonfarm Payrolls numbers - aka the Jobs Report. There was a lot of hope that we would see a rebound in the month of March. 

Remember, in February, they initially reported just 20,000 jobs created, which was well short of what had been expected. It was probably something close to 200,000 jobs. 

And the consensus for March was for 170,000 jobs and we actually got 196,000 jobs.

- Source, Peter Schiff