As highlighted in the previous post, the Swiss Franc goes up and the Markets go down.
projecting the deficit target will be missed by 1%.
Today's US non-farm payroll number is really crappy. There was a big hit to the financial sector. (Its a consequence of America hating the sector right now.) The troubling aspect of this report is the average weekly hours and earnings fell compared to last month. (However, keep in mind, equities at current levels, are reflecting a US slow down already.)
Market weakness should obviously continue. The SP500 may see 1180, the 14SMA.
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