Wasn’t it just yesterday that we were talking about the monthly employment report? Well, we’re here again! With back to back weak reports blamed on “weather”, stocks are set up to rally on a good report that gets past weather and a bad but not atrocious report that blames “weather”. It must be nice to have the “weather” fall back on. I may have to try that with clients. Credit a good quarterly report on our skills, but blame a bad report on the market.
14 of the last 15 jobs Fridays have seen stocks rally so that has to be the model for today. A big up opening should be a very short-term selling opportunity, but any dip remains buyable.
