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Stock Market Rises After a Confusing U.S. Employment Report

Stock-Markets / Stock Markets 2014 Jan 11, 2014 - 06:49 PM GMT

By: PhilStockWorld

Stock-Markets

Courtesy of Doug Short: The much anticipated December Employment Report was a bizarre mixed bag — weak job creation but a surprising decline in unemployment. Treasuries rallied in no uncertain terms. The yield on the 10-year note dropped nine bps to close at 2.88%. The S&P 500 was a bit more ambivalent in its reaction. The index hit its 0.27% intraday high a few seconds after the open and sold off to its -0.31% intraday low two hours later. It recovered to the flatline during the noon hour, and, after two hours of uncertainty, got a 3PM buy signal. The index closed with a 0.23% gain for the day and a 0.60% gain for the week.


Here is a 5-minute look at today with a bit of yesterday for context.

A snapshot of the 10-year yield index underscores my point about the less ambivalent mind of the government bond market.

Volume on a daily chart of the S&P 500 shows us that today’s bizarre economic news triggered no surge in activity.

The S&P 500 is now down 0.32% for 2014.

Here is a longer perspective, starting with the all-time high prior to the Great Recession.

For a better sense of how these declines figure into a larger historical context, here’s a long-term view of secular bull and bear markets in the S&P Composite since 1871.

- Phil

Click here for a free trial to Stock World Weekly.

www.philstockworld.com

Philip R. Davis is a founder of Phil's Stock World (www.philstockworld.com), a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks). Visit: Phil's Stock World (www.philstockworld.com)

© 2013 Copyright  PhilStockWorld - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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