Friday, 6 November 2015

Closing Brief

US equity indexes closed moderately mixed, sp -0.7pts @ 2099 (intra low 2083). The two leaders - Trans/R2K, both settled higher by 0.7%. Near term outlook remains for a retrace, at least to the 2060s, if not the 2020s, before resuming broadly upward into year end.



*closing hour action: minor chop.. leaning on the upside.

... and another week in the twisted casino comes to a close.

I didn't note it, but I was kinda expecting net job gains of 200/225k. Frankly, I'm still not sure what to make of the 271k number. It could certainly be revised significantly lower, but then other aspects of today's report were reasonable, esp' earnings.

Anyway, so long as the Dec'4th jobs number comes in anywhere >200k, we'll get a rate hike at the Dec' FOMC.

Ironically, at the current rate, it will become a sell the news event (if briefly) for the financials.

Have a good weekend

*the usual bits and pieces across the evening to wrap up the week