- Markets are finally getting a chance to react to worst jobs report in two years
- March non-farm payrolls coming in at about half of forecast
- Dollar was off about 1% on FOREX
- Stock futures were down on opening bell but shot 100 points higher
- “Bad News is Good News” rally
- CNBC thinks jobs takes June rate hike is off the table – but it was never on the table in the first place
- The Fed will not be serving a September rate hike either
- It’s going to be an all you can eat “QE Buffet”
- The dollar should have sold off more, but the bull market persists
- Currency traders are using circular logic about the strong dollar
- The dollar is rising for the same reason that the economy is slowing – the Fed has suspended QE and higher rates are expected
- The effects of a strong currency should build over time
- When the dollar uptrend ends, it will be a collapse because there are so many people on the wrong side of the trade
- March ISM Non-Manufacturing Index slipped more than expected – lowest since June 2014, a two-year low
- Monday WSJ article said that if Fed is worried to raise rates even a quarter of a point, then the U.S. Economy is not as strong as everyone thinks
- If the Fed really believes the economy is strong, they would have already raised rates
- Continued low interest rates indicate the Fed does not believe the economy is strong.
- Crude Oil continues to rebound – above $53/barrel
- If we close above $54, the market should see move up to mid $70’s
- Higher oil prices will start to hurt consumers
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