It's odd to see the government release the employment report on a Friday holiday. I don't recall this before but maybe my memory is failing me.
The report as with many others over the past two years will be closely watched. As I write this, smaller but perhaps more effective (and, easily less fee conflicted), credit rating agency Egan-Jones downgrades the U.S. to AA from AA+ with a AA- outlook. Does anyone care? Probably not since they cared little when it was done by S&P.
If, after all the liquidity ($1.3 trillion) injections from the ECB to member countries, the eurozone implodes once again the U.S. markets will head south with them.
Let's see what happens.Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts: Lazy & Hedged Lazy Portfolios maintain the follow positions: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU. The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com .
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