Good morning. Happy Thursday. Employment numbers are out. Here they are… Unemployment rate in June is 9.5% (vs. 9.4% in May) – this is the highest since May 1983. Nonfarm payrolls down 467K (vs. down 370K expected) Hourly earnings unchanged (vs. up 0.2% last month). Futures were down several points heading into the numbers. The […]

Good morning. Happy Wednesday. With unemployment numbers out 60 minutes before tomorrow’s open, I’d expect today to be on the slower side. Then after the first hour of trading tomorrow, the market will be dead as many traders take an even longer weekend (the market is closed Friday). The market closed yesterday in the middle […]

Good morning. Happy Tuesday. Summer is here. We got some movement yesterday the first 90 minutes and then the market traded in a tight range the rest of the day. Get used to this. Opening gaps are still playable, and we’ll continue to get movement from economic & earnings reports. But as volatility declines, don’t […]

Good morning. Happy Monday. Hope you had a nice weekend. We begin this week much the way we began last week – with the market range bound and in the middle of a 2-month range. In the grand scheme of things, the indexes have acted well. They rallied off their March lows and are now […]