As the Jobs Report Goes…
This is being written on Thursday evening ahead of the jobs report. Based on the way the market has behaved this week, on top of the fact that volatility began moving higher late last week while the overall market was still rising, it’s become obvious that someone believes they have knowledge about the report that’s going to move things today.
Overall the market is oversold. As the perception of the jobs report goes, so will go the market today. Every couple of months every bull market goes through inflection point days and today will be one of those days. Higher closing prices will be a good sign that the bull market that started 4 ½ years ago remains fully intact.
Have a great weekend!