I hope everyone came back from Thanksgiving feeling fresh and ready to rock and roll. While it’s always good to take a break and catch up with family and friends, I usually find myself ready to get cracking after a few days. The market certainly seemed to feel that way, too. After a couple of volatile days, conflicting reports on a potential trade deal between the U.S. and China, and the ongoing impeachment battle in Washington, the market capped off the week with a blowout jobs number. According to the Labor Department, 266,000 jobs were added to nonfarm payrolls in… Read More
I hope everyone came back from Thanksgiving feeling fresh and ready to rock and roll. While it’s always good to take a break and catch up with family and friends, I usually find myself ready to get cracking after a few days. The market certainly seemed to feel that way, too. After a couple of volatile days, conflicting reports on a potential trade deal between the U.S. and China, and the ongoing impeachment battle in Washington, the market capped off the week with a blowout jobs number. According to the Labor Department, 266,000 jobs were added to nonfarm payrolls in November, smashing the estimate of 187,000. This brought the unemployment rate down to 3.5%, from 3.6%. Speaking of catching up, I recently found myself shooting the breeze with StreetAuthority’s expert analyst Jimmy Butts. When Jimmy lived close to StreetAuthority HQ a couple of years ago, he and I made a regular practice of going to the local watering hole around the corner after work to talk about life, the market, and everything in between. And while it’s always good to have beer and wings with a friend, it’s even better to have a level-headed sounding board. That’s especially true… Read More