Friday, February 3, 2012

It's The Economy Stupid: The Market Opening After Blowout Jobs Numbers

Okay, here’s the market opening after this morning’s blowout Payrolls numbers.

 

Here’s an observation from my 29 years in the business.  A sure sign of economic turning points is the employment trends of Wall Street.  In the last couple of months we have had several of the Wall Street brokers that cover us laid off. And we’re kind of at the top of the food chain as far as customers go. Wall Street usually lays off employees at the bottom of the economic cycle and usually reaches record hires at the top of economic cycles. 

 

Wall Street is laying off employees, so I’m betting that the economy is going to improve dramatically from this point forward.

 

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

12818.070

112.6600

0.8867

5.3319

S&P 500 Index

SPX Index

1338.270

12.7300

0.9604

1.4108

NASDAQ Composite Index

CCMP Index

2887.250

27.5700

0.9641

3.8419

Russell 3000 Index

RAY Index

796.970

8.1600

1.0345

1.3803

Russell 2000 Index (Small)

RTY Index

824.640

11.7500

1.4455

1.7856

S&P 400 Mid Cap Index

MID Index

955.740

1.2700

0.1331

1.7113

S&P 600 Small Cap Index

SML Index

453.830

2.2100

0.4893

7.1466

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0813

 

0.0000

0.0000

 

6 Month Treasury

0.1017

 

0.0050

5.5556

 

2 Year Treasury

0.2263

100.039

-0.0156

-0.0156

 

5 Year Treasury

0.7502

100.547

-0.2734

-0.2712

 

10 Year Treasury

1.9031

100.688

-0.9063

-0.8920

 

30 Year Treasury

3.1119

99.859

-2.5313

-2.4722

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent

113.730

1.6600

1.4812

9.2603

Crude Oil, Louisiana Light Sweet

LA Light Sweet

112.360

1.1000

0.9887

8.5700

Natural Gas, Henry Hub Index

Nat Gas

2.499

-0.0550

-2.1535

-49.9799

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1749.070

-10.4100

-0.5917

29.4326

Spot Silver $/oz

SILVER

33.953

-0.3550

-1.0348

17.6430

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

1.309

-0.0052

-0.3956

-3.7773

Japanese Yen

JPY Curncy

76.640

0.4200

0.5510

6.6223

British Pound

GBP Curncy

1.578

-0.0025

-0.1582

-2.2310

Swiss Franc

CHF Curncy

0.921

0.0046

0.5017

2.8609

Canadian Dollar

CAD Curncy

0.998

-0.0016

-0.1601

-0.7411

Chinese Yuan

CNY Curncy

6.307

0.0012

0.0190

4.3870

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

5865.940

69.8700

1.2055

-1.9909

CAC 40 INDEX

FRANCE

3398.520

21.8600

0.6474

-15.8223

DAX INDEX

GERMANY

6736.150

80.5200

1.2098

-6.1493

NIKKEI 225 INDEX

JAPAN

8831.930

-44.8900

-0.5057

-15.3329

HANG SENG INDEX

HONG KONG

20756.980

17.5300

0.0845

-13.1833

 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

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