The T-Report: NFP, Yeah you know me.

Great Report?

My first reaction was that this was a great report. Big headline gain in the establishment report. The drop in the unemployment rate seems great too, but then you look at the household survey (that determines unemployment rate) and it is showing job losses of 120,000.

I’m not sure where the jobs came from. I was surprised by the headline number. I am prepared to be pleasantly surprised. My first reaction again was that this is a great report and a clear buy signal.

Is the household survey a function of the big “unable to work” number? Maybe that explains it? I would be happy to get on the all is good bandwagon, but I’m struggling to reconcile my perception with the numbers and I would like to understand why the household was weak.

My guess is this is still a good report, but not great.

Back to Apple Watching

So will Apple finish the week as a $575 billion company or a $500 billion company. With 7 hours of trading left, both are real possibilities. Scary.

Still Neutral with a Bearish Bias

I’ve stared at the numbers, stared at the screens, stared at the TV, stared at my coffee cup, and just can’t get that excited. I remain slightly bearish and think that many of the world’s favorite long positions remain crowded with limited upside.

Disclaimer: The content provided is property of TF Market Advisors LLC and any views or opinions expressed herein are those solely of TF Market Advisors. This information is for educational and/or entertainment purposes only, so use this information at your own risk. TF Market Advisors is not a broker-dealer, legal advisor, tax advisor, accounting advisor or investment advisor of any kind, and does not recommend or advise on the suitability of any trade or investment, nor provide legal, tax or any other investment advice.