Market’s Delayed Reaction to the Jobs Report – Ep. 69

* Markets are finally getting a chance to react to worst jobs report in two years
* March non-farm payrolls coming in at about half of forecast
* Dollar was off about 1% on FOREX
* Stock futures were down on opening bell but shot 100 points higher
* "Bad News is Good News" rally
* CNBC thinks jobs takes June rate hike is off the table - but it was never on the table in the first place
* The Fed will not be serving a September rate hike either
* It's going to be an all you can eat "QE Buffet"
* The dollar should have sold off more, but the bull market persists
* Currency traders are using circular logic about the strong dollar
* The dollar is rising for the same reason that the economy is slowing - the Fed has suspended QE and higher rates are expected
* The effects of a strong currency should build over time
* When the dollar uptrend ends, it will be a collapse because there are so many people on the wrong side of the trade
* March ISM Non-Manufacturing Index slipped more than expected - lowest since June 2014, a two-year low
* Monday WSJ article said that if Fed is worried to raise rates even a quarter of a point, then the U.S. Economy is not as strong as everyone thinks
* If the Fed really believes the economy is strong, they would have already raised rates
* Continued low interest rates indicate the Fed does not believe the economy is strong.
* Crude Oil continues to rebound - above $53/barrel
* If we close above $54, the market should see move up to mid $70's
* Higher oil prices will start to hurt consumers


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