Market Alert - Pre-Market

Futures vs FV: SP -17.43; DJ -228.71; NADSA -31.25

Futures started lower well before the jobs report that appears to mean good news is bad news for the market. Thought we were over that, right?

jobs: 200K vs 180K exp vs 160K prior (from 148k)

Wages: 0.3% VS 0.3% EXP VS 0.4% PRIOR (FROM 0.3%. 2.9% YEAR/YEAR wage growth



Earnings are mixed
Beats: EL; AAPL; AMZN; DECK; V

Misses: XOM; MRK; GOOG (BL); AMGN (TL, BL); GPRO (BL); MAT


THE 'memo' is to be released today. Minor story almost in market terms.


OTHER MARKET
Bonds: 2.837% vs 2.792%

USD/JPY: 110.38 vs 109.46

Oil: 65.17, -0.13

Gold: 1337.60, -10.3


Futures are at the lows, getting the pullback that the market was showing. Will see what kinds of bids return but with the weekend and volatility, not the best time to be entering upside.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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