Worse-than-Expected Jobs Report; Tapering Expected to Continue (CNBC)
Economists expected the September jobs report to add 180,000 non-farm jobs; it added a mere 148,000. Mid-day trading rose for stocks and Treasurys, as the Fed has previously indicated tapering will continue until the employment situation improves. “I think they’re (Fed officials) firmly on hold. It won’t be until March before they have another window. There’s the fog of the data,” said Mark Zandi, chief economist at Moody’s Analytics. “It feels like the economy weakened this summer, and given the shutdown and the brinkmanship, it will weaken further going into next year.”
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…