From MarketWatch: U.S. stock futures declined sharply Friday after the Labor Departments nonfarm-payrolls report came in significantly below expectations, cementing views of an economic soft patch.
Watch out for those “soft patches”.
posted on 04/05/2013 6:19:12 AM PDT
by John W
(Viva Cristo Rey!)
To: John W
The macro data the last two weeks has all missed on the bad side. Today's NFP number was a disaster (consensus expectations of +195K - FactSet). We are entering the same "spring swoon" pattern we saw in 2010, 2011, and 2012. He's the Goldman Sachs "swirlogram":
posted on 04/05/2013 6:26:25 AM PDT
by Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
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