Thackray Market Update - April 2015
- S&P 500 in a trading range
- Positive short-term
- Caution ahead
Since the release of the April videos (links below), the March nonfarm payroll report was released on Friday April 3rd and recorded that the U.S. added the fewest number of jobs in over a year. A total of 126,000 jobs were added versus an expected 245,000 jobs.... a big miss. Although, the number may help to push out the date the Federal Reserve will start to raise rates, such a big employment miss, after a stream of other weaker than expected economic data, will probably scare investors. If investors react badly (as expected) to the "bad" employment number, it will signify a shift in investor sentiment and will start to shift the needle to a "bearish" outlook in the not to distant future. For further information, read my next newsletter... to be released by the upcoming weekend.
