Markets are relatively flat in what is likely to be a super light day to close out this holiday-shortened week.
The day’s biggest news came at 8:30 a.m. ET in the form of the latest Employment Situation report, and there are three things to watch out for…
The unemployment rate, the number of non-farm payrolls, and the average hourly earnings year over year.
The Federal Reserve watches this data very closely, so it’s very important.
Non-farm payrolls came in better than expected, and the unemployment rate rose to 4.1% from 4.0%, but still in the range of expectations. Average hourly earnings also came in line with expectations.
Futures spiked on the news and this is bullish for the market, though, nothing crazy…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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