We can't believe any trend right now, until the issues tied to this conflict are resolved. Unfortunately, in this kind of market there's going to be no clear direction. We're going to be in this holding pattern for the next few weeks, at least.
More Quotes from Jack Ablin:
It was probably one of the quietest days of the year. We started the day with good news on weaker oil prices but bad news on housing sales.Jack Ablin
The projected job growth number would mark a pretty strong snapback from the previous month.
Jack Ablin
Any bad news can throw us, and the jobs report was perceived as bad news, seen as a sign that the recovery is fragile, but that's not necessarily true. In the last two recessions, a pickup in employment only happened a year after the recession had ended. So just because unemployment is higher doesn't mean we're not on track for a recovery.
Jack Ablin
Over the last four years the Fed has played the part of a surrealistic painter, creating a dreamy backdrop with generously low interest rates.
Jack Ablin
I would not expect investors and traders to make any big bets ahead of the number tomorrow. It clues us in on growth in the economy but also inflation.
Jack Ablin
The employment report is one of the key indicators for figuring out if the consumer can hold on. We're trying to transition this economy away from the consumer, but this potential war is getting in the way. We have to keep consumer spending going until corporate executives are able to make decisions regarding corporate spending.
Jack Ablin
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