Recent articles, CNBC, and other financial media seem to be converging on the same theme. A positive jobs report. Consensus expectations have gone up as the market averages have gone up. Thus, consensus will be tougher to beat. Now I still expect overnight strength leading up to the report. But it seems more likely now that the first reaction to the report will be to sell it.
Will the up last until the bell or selling only in the futures?
ReplyDeleteI think we'll have a sell the news reaction right at 8:30 AM. I am less sure about what happens from 8:40 AM onwards.
ReplyDeleteThanks. Meant down of course.
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