This morning’s jobs report? No es bueno. It makes the November numbers we got in early December look even more manipulated in retrospect.
Oil and stocks sold off in reaction, but gold actually staged a furious comeback off the early morning’s lows. There’s a lot more to the report than the number itself. Here are some reactions:
Matt Phillips: Jobs Report Reax: Treasurys, Crude, Gold (WSJ MarketBeat)
Barry Ritholtz: NFP: -85,000 (So Much For that Upside) (The Big Picture)
Tyler Durden: Labor Force Participation Rate Plunges To 5 Year Low Of 64.6% (ZeroHedge)
Jon Ogg: Non-Farm Payrolls Doesn’t Make The Grade (24/7 Wall Street)
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