DislikedAwesome! non farm up, but unemployment actually increased. Hourly earnings actually went down. Good news? Shows you the mass of people not working!! Good indicator of what's really going on. Not very impressive....Ignored
Wage increases less than expected at .1. Unemployment rate (complete fraud) went up to 4.1%. Combined with the consumer confidence index, my feel on it is...
The middle class likes Trump's tax cut and feel more confident with more in their paycheck. People are more optimistic than they should be. We are far from being out of the forest. A lot more work to do and with our debt bubble and immigration situation/visa situation not resolved, we are running on fumes. But at least we have fumes.
Probably a good time to sell into the over-confidence and wait to see how things play out.