FYI: If the market can’t trade U.S. stocks on the day of a bad jobs report, does it make a sound? The U.S. stock market rallied on Monday and bond prices fell. That’s precisely the the opposite of what Wall Street expected after Friday’s dismal jobs report. U.S. equities exchanges were quiet for Good Friday, and futures pointed to a sour start early on Monday ahead of the opening bell.
Not so! Turns out that a flagging U.S. economy is good for risky assets, the implication being that the Federal Reserve must keep tethers on interest rates for longer. Or maybe trading desks are still underpopulated after holidays, or otherwise distracted by thawing weather or the start to the Big League baseball season. Volumes on Monday were light
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/04/06/etf-market-vital-signs-april-6-good-news-for-people-who-love-bad-news/tab/print/
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Regards,
Ted
April 6, 2015:
Germany’s DAX 39 Closed
France’s CAC 40 Closed
The U.K.’s FTSE 100 Closed
Italy’s FTSE MIB Closed
Spain’s IBEX 35 Closed
Greece’s Athex Composite Closed
Portugal’s PSI 20 Closed
Belgium’s BEL 20 Closed
Netherlands’s AEX Closed
Denmark’s OMX 20 Closed
Norway’s OBX Closed
Sweden’s OMX 30 Closed