Good Friday is here, which can mean only one thing: macroeconomic government-issued data.
This morning’s, of course, was the jobs report, and it couldn’t have been more boring. It came in basically at what the forecasts anticipated.
The reaction was confused. At first equity futures didn’t move. Then they shot higher. Then they shot lower, actually sending the /NQ into the red. And, as I am typing these words, they’re up a little. It’s essentially a non-event.
The only slightly interesting chart fact is that the /NQ spike matched yesterday’s high. Meh. Whatever.
Longer-term, this week is ending with a not-too-terrible situation on the /ES. That is to say, even though we peeked a teeny-tiny, eensy-weensy little bit over the trendline, it has still held fast, even mimicking its behavior from weeks ago.
As you might guess, this is going to be a quiet weekend. If I had any sense at all, my next post would be sometime well into Monday morning, but you know me well enough to know that I don’t do the “two or three posts a week” schtick most other sites do, but instead typically have a rat-a-tat-tat delivery of content. During this holiday weekend, though, I shall be at a languorous pace of a couple of posts per day. See you later, and have a good Easter, or Passover, or High Holy Cabbage Festival, as it suits you.
