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Its a holiday weekend, so I am not going to detail all of the usual factors about NFP. Last month’s critique —
THE MOST IMPORTANT EVER NFP blah blah blah — should be reread; You can see the past 1000 or so kvetching posts on the subject of NFP here).
The more interesting news is the sudden resurgency of embracing equities overseas. Following our 1pm close on Wednesday, Europe had a gangbusters rally — and we are set to follow suit.
One other thing to remember today: Rookies are manning the terminals. Anything can happen!
Me, I’m on the beach today — it looks gorgeous out . . .
Apprenticed Investor: The Folly of Forecasting (June 8th, 2005)
NFP Day: The Most Over-Analyzed, Over-Emphasized, Least-Understood Data Point (February 4th, 2011)
An Unusually Unusual NFP Payroll Day! (June 3rd, 2011)
THE MOST IMPORTANT EVER NFP blah blah blah (June 7th, 2013)