Friday’s jobs report was pretty unusual. With 210,000 jobs reported created against expectations of 530,000, it was one of the biggest misses in history. Danny Dayan, CIO of Dwd Partners went so far as to say it was one of the “weirdest reports” ever seen.
Digging into the numbers, it’s easy to see why. Overall unemployment dropped 0.1 percent, and total household employment jumped 1.1 million. However, retail jobs, typically strong during the holiday season, were suspiciously low. One possibility lies in how the jobs report is seasonally adjusted. Taking that into account, it’s possible that next month will revise the November numbers higher.
That could lead to a market rally later, especially if Omicron variant and Fed taper tantrum fears are played out by then. For now, however, the weirdness of the report combined with everything else right now suggests a bit more caution in the next few weeks than is usually the case this time of year.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,785.03 (-0.5%)
Silver … $22.62 (-4.8%)
Platinum … $942.04 (-5.5%)
Palladium … $1,846.76 (-3.1%)
Now here’s the rest of the news:
American Financial Markets Experience the Calm Before the Storm
Investors and normal Americans weather through terrible financial waters, and the worst could still be to come. [Read Here]
December 06, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Naturally beautiful: A group of hikers explore the rugged coasts of Newfoundland outside of St. John’s…
…along the east coast trail on a nice sunny day.
December 06, 2019
DarrenDaily today is very special…
“How to Achieve Your Max Potential”
Exercise is the third, and a great choice for combating the kind of bursitis that develops with advanced age. As the body ages, the risk of muscular weakness and developing arthritis through degeneration increase.
Adding muscle mass around a joint provides a wealth of benefits by stabilizing the joint, acting as a shock absorber against impact, increasing bone density, adjusting joint balance, and improving nutrient delivery. Check with your doctor first before beginning any new exercise routine.
I’m sure Pinterest has some great ‘easy’ workplace exercises. 😉