It does not matter how the political rhetoric spins a dismal jobs report. It is what the investor sentiment interprets the jobs report that is important. Today the markets have pulled back significantly but without forming candlestick reversal signals. This should lead to suspicion that today’s selling is more of a knee-jerk reaction versus a trend changer. Watch to see how the markets finish up the day. Gold and gold stocks are now coming back into play.
June 3 Daily Market Comments
It does not matter how the political rhetoric spins a dismal jobs report. It is what the investor sentiment interprets the jobs report that is important. Today the markets have pulled back significantly but without forming candlestick reversal signals. This should lead to suspicion that today’s selling is more of a knee-jerk reaction versus a trend changer. Watch to see how the markets finish up the day. Gold and gold stocks are now coming back into play.