Of course stocks were up today.
But first the scoreboard:
S&P 500: +3.31
And now the top stories:
- We’re going to keep this really short and sweet. It was a quiet night in Asia, though India fell pretty hard. Really there was no news.
- Europe, meh. Nothing.
- Of course, Egypt continues to rage. There was a huge day of action, or whatnot, and it was peaceful, but still nothing is happening.
- Really, it was all about the BLS report, and basically it was pretty weak. The headline jobs-created number was well behind expectations. But then the employment rate dropped to 9%. But if you thought this would be bad for the market, think again. The dollar spiked! Bonds rallied! Gold dived! And though it took a while, stocks rallied too! It really was pretty remarkable! And that was pretty much it.
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