Was that good news?

Was that good news?
January 8, 2016 Market Traders Institute

It’s nice to start the day without discussing China’s circuit breakers…

Non-Farm Payroll Report Exceeds Estimates

Earlier today, the U.S. Non-Farm Payroll Report arrived, showing that employers in December added 292,000 workers — and payrolls for October and November 2015 were also revised higher.

This number led to the unemployment rate holding at 5 percent, but worker pay rose less than forecast from a year earlier.

Cue the Rises

As reported on Bloomberg.com, “stocks and the dollar climbed after the report showed durable strength in the job market that indicates employers were optimistic about the economy’s prospects just before the recent rout in global financial markets.”

Of course, only yesterday, the Standard & Poor’s 500 Index finished up its worst-ever four-day start to a year thanks to the “market mayhem” in China spreading throughout the world

Oil Still Plays a Role

Traders are also still concerned about what’s happening with world oil prices.  Our own Chris Irvin noted the continued importance of falling oil prices to investors, saying, “Oil exploration and production companies are hurting.  This creates a problem in the ‘High Yield” markets. (also known as Junk Bonds).  Many of the High Yield Bonds are tied up with the oil exploration and production companies.  As these companies start to default on their bond payments many are concerned that we could have a smaller version of the housing crisis a few years back.”

Stay the Course

Once again, with all of these competing factors in the market,  now more than ever you could benefit from expert mentoring.  Sign up today for one of our Forex webinars using the form below, or join us for one of our equities webinars by registering at https://www.markettraders.com/stock-package/.  There are many ways to profit from this huge volatility!

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