Nice Turnaround

What a turnaround! Last night, the Dow and S&P 500 futures were down, and it looked like the market was going to open much lower. Instead, the markets are now higher for the day. You never know what will happen next.

It appears that financial markets are breathing a sigh of relief after the Iranian retaliation wasn’t as big as feared. The Nasdaq is at a new high.

We had more good news with this morning’s ADP private payroll report. The company said that the U.S. economy created 202,000 private sector jobs last month. Wall Street had been expecting 150,000. Also, the weak number from November was revised higher.

That’s good to hear but the real number comes out on Friday when the government releases the December jobs report.

Posted by on January 8th, 2020 at 10:42 am


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