Jobs Report Was Good – Don’t Chase

This was a great number, but the market has had big gains this week. Be patient.

PRE-OPEN MARKET COMMENTS FRIDAY – This morning the jobs report showed that 185K new jobs were created in August and that was a perfect number. Not too hot and not too cold. There were downward revisions for previous months to the tune of 100K jobs. Hourly wages increased .2% and that is down from .4% in July. This is a very market friendly release.

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