Howdy Folks
Today the jobs report was released and the markets responded very well, closing up, considering the report as very positive, and also giving us an indication that the planned upcoming rate increases will not be accelerated, as unemployment remained steady at 6.3%.
I am now comfortable with returning to stock funds, and will be going 100% S-Fund at the present time. The small cap stocks responded strongest to the jobs report, and it stands to reason that this category stay strong. Also, over the last two weeks, the small caps stocks have outperformed other categories.
I have no cool charts to post this time around, but the most important thing is that I am returning to the S-Fund.
Former PIMCO CEO Mohamed El-Erian provided his view of the jobs report, which I believe is worth watching. Video courtesy of Bloomberg.
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Everybody have a great weekend !
– Bill Pritchard
