Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open at 1976. Precious metals are moderately lower, Gold -$10, with Silver -0.6%. With the jobs data coming in much better than expected, fears of Q2 GDP will likely lessen, helping equity bulls all the way until July'30th.


sp'daily5

Summary

*monthly jobs: 288k net gains, headline rate falls to 6.1%

We still have some ISM/PMI service sector data at 9.45-10am.
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Frankly, that is a rather 'reasonable' jobs data. Were we seeing that kind of number for the past 4 years or so, we might even be able to have called it an 'economic recovery'.
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Market closes at 1pm today..so.. not much left of the trading week.


9.34am.... Dow 17k... and sp'1981..... 0.9% away from the giant 2000 level... amazing.

Upward melt into the lunch time close...probably.
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Sig' QE next Monday... bears have a real problem to start next week.