My Favorite Monthly
My favorite report, the monthly guess report for jobs, is predicted to be at 149,000. As we’ve seen the last two months (and I’ve consistently seen for over 30 years) the guesses have not been remotely close. Anything higher than 149,000 today will likely be met with new highs on the S&P. Anything substantially lower will be left to interpretation (weather, etc.). A rally on a lower number will be a signal that prices are heading substantially higher over the short-term.
Any pullback should be viewed as an opportunity to scale-into positions.