Search This Blog

Friday, December 5, 2014

Kick-ass jobs number $spy $bac

Another one of these jobs reports, and the end of QE is solidified. But have no fear QE junkies China, Japan and Europe are there to pick up the Fed's withdrawl. 

The SP500 at all time highs with expanded multiple. Makes sense there is some multiple compression as earnings keep chugging along.

The winds look to be on US banks back. Good jobs growth, good US economy and soon-to-be higher U.S rates (if ever so slightly). All for better earnings.  BAC may even test its intraday high of 18! Woo-hoo. 

No comments:

Post a Comment