A better than expected jobs report, has stock futures trading slightly higher on the open. Also helping matters, the continued weak dollar is pushing energy and mining stocks to the upside, which are boosting the major averages.
The market staged a solid rally late in the day on the beige book report. In that report the Fed said 11 of their 12 regions are showing signs of stabilization, which is further indication that the economy is coming out of the worst recession since the 1930′s. This was great news for Wall Street.
I added a few new ideas to the focus list. I’m looking for stocks that are just coming out of solid bases. Please adhere to the buy instructions and make sure you’re suitable to own these investments. If you’re not sure you are suitable please speak to your advisor or feel free to call me.
Let’s have a great day…
| Tags: beige book report, economy, great news, investments, jobs, rally, recession, signs, stock futures, stocks, Wall Street, weak dollar | ||
| Posted in News and Opinion |
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