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More Jobs And Red Stock Markets

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Courtesy of John Nyaradi.

More Jobs And Red Stock Markets

Executive Suite: John Nyaradi | | December 4, 2013 9:06 am

I predict a stock market decline due to today’s improved jobs report

Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

Stock markets will likely decline today, as investors will likely be spooked regarding the positive ADP Employment Report.

Wall Street Beats & Jives:

All eyes on Wall Street are centered on today’s ADP Employment Report, which indicated a better-than-expected 215,000 increase in new private sector jobs for November.  What is sick about this report is the fact that the largest economy in the world ONLY added 215,000 jobs for November.  What is even more sick about this report is the fact that investors will likely react negatively to positive growth (such that it is) in fears that the Fed will start to taper its free money policies.  I feel that we are again dealing with a “good news is bad” type situation, which is never a good thing for the long term outlook.  Irony is so sick sometimes.

We are also due for an ISM Manufacturing Report, New Home Sales Report,  and the Fed Beige Book today, all of which could potentially rock markets in either direction.  And, we also just received a positive US Trade Deficit report, which indicated a 5.4% drop in the country’s trade deficit.  Although good news, this report I believe will definitely fall into the shadows of the ADP Employment Report.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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