Strong Job Growth Fuels Market Rally

The jobs report was strong and the Fed is dovish.

PRE-OPEN MARKET COMMENTS FRIDAY - The Fed cut interest rates two weeks ago by 50 basis points and that was greater than expected. Asset Managers feared that the Fed could be seeing signs of economic weakness even though they said that was not the case during the FOMC Press Conference. Consequently, there wasn't much of a rally after the rate cut. Buyers were going to wait for the economic releases this week.

Daily Bulletin Continues...