Markets spike because of heavily massaged, Fudged and tweaked Jobs report and they fell for it again
Here’s The ‘Whisper Number’ For The Jobs Report
That number is based on a Bloomberg survey.
However, according to TD Securities’ Millan Mulraine, the market is pricing in a lower number thanks to Wednesday’s bad ADP jobs number. From Mulraine’s note:
Even though the current market consensus is for 140K, the post-ADP price action suggests that the true position in the market (the whisper number) may be for something closer to 125K.
MARKETS SPIKE AFTER HUGE JOBS REPORT
The April jobs report is out and the markets are jumping.
Dow futures are now up 70 points after being down by 3 points just before the report.
Nonfarm payrolls jumped by 165,000 in April, which was much stronger than the 140,000 expected by economists.
Now lets link to some sources telling the truth.