The headline number probably isn't as important as the wages and average hours worked. Earnings are still the main driving force, and the jobs number is just a hurdle in our path.
More Quotes from Marc Pado:
Those very short-term support levels were broken yesterday, but the supports under the current levels are substantial. Now that the Fed has made it clear that we will see one if not two more rate hikes, the uncertainty has been removed. We expect the focus to shift to first-quarter earnings results, and they are expected to be good.Marc Pado
The bulls had a real opportunity. Earnings continue to roll in, and for the most part they are in-line or better than expected.
Marc Pado
Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.
Marc Pado
By the end of this week, the attention will shift to the December employment report and then on to earnings starting next week. By the end of the month, earnings and forward-looking projections will be what needs to step up to the plate if the market is to continue the rally.
Marc Pado
Tech might get a little direction from how people trade Cisco today.
Marc Pado
Internally, the market's bounce left something to be desired. Since the market went out on the high of the day, it should have some morning momentum left. The real question is whether or not it can be sustained without any major earnings-, economic-, or oil-moving news.
Marc Pado
Readers Who Like This Quotation Also Like:
That said, the question remains: how to strike the balance between free speech and mutual respect in this mixed-up world, both blessed and cursed with instant communication? We should not fight fire with fire, threats with threats.Timothy Garton Ash
A sponge has that much absorbent capability and after a while you can pour water over it and nothing stays.
Itzhak Perlman
The main secret for a horse that is heavy upon the hand, is for the rider to have a very light one; for when he finds nothing to bear upon with his mouth, he infallibly throws himself upon the haunches for his own security.
William Cavendish